<p>Is that a good thing or a bad thing?</p>
<p>well, that would be a very good thing, considering that in 2005 it was $3.8 billion.</p>
<p>ummm.. so thats why they want to squeeze every penny out of us...</p>
<p>If it increased that much in one year someone did something AMAZING</p>
<p>they bought barrels of oil literally, i guess Qatar helped them out on this one</p>
<p>Here's the issue, though. While it is fantastic that Cornell has increased its endowment so that by the end of 2005 it had the ninth largest endowment of any university in the country (ahead of it were Harvard ($25.5 billion), Yale ($15.2 billion), Stanford ($12.2 billion), U Texas ($11.6 billion), Princeton ($11.2 billion), MIT ($6.7 billion), U Cal ($5.2 billion) and Columbia ($5.2 billion)), when you look at Cornell from the perspective of endowment per student, it isn't even in the top 50 (the top 20 in order are Princeton, Yale, Harvard, Grinnell, Baylor College of Medicine, Pomona College, Swarthmore, Williams, Rice Stanford, Caltech, Amherst, MIT, Wellesley, Berea College, Dartmouth, Wabash College, Smith, Emory, Bowdoin). Cornell still has a long way to go, largely due to the large number of students in its student body, to get to a point where it can "live off of the interest", so to speak.</p>
<p>columbia has 3,000 more students than cornell</p>
<p>. . . and you'll notice that Columbia is not among the top 20 schools with respect to endowment per student.</p>
<p>Texas and California's endowments are for the entire system, not merely for their flagship schools.</p>
<p>We must also remember that while Cornell's endowment has grown substantially from $3.8 billion to $5 billion over the course of a few months, the other universities' endowment did not remain stationary during that same period. I would be surprised if schools like Columbia, Michigan, Penn etc... did not also experience significant increases in the size of their endowments.</p>
<p>lol not THAT large of an increase...</p>
<p>not that large? figgy, what the heck would you do with $1.2 billion?
i personally think that its a substantial increase!</p>
<p>I think figgy is referring to the endowment increase in other schools.
Anyway, at this rate it seems we're going to be overtaking Columbia soon.</p>
<p>"I would be surprised if schools like Columbia, Michigan, Penn etc... did not also experience significant increases in the size of their endowments."</p>
<p>"lol not THAT large of an increase..."</p>
<p>yup like heythatslife said</p>
<p>yea, we destroyed them</p>
<p>growing one's wealth by 32% in a matter of months is a big deal on any scale, and a much larger deal when one is counting in billions of dollars.</p>
<p>...if our endowment just grew that much... why do we need a new finance guy? :D</p>
<p>because the last one probably gave his last great gasp and almost died from the effort (actually, I really don't know).</p>
<p>he's a hedge fund guy, in my opinion Cornell's future endowment = up, up and away (i.e. super high increases), unless there is a market correction and the stock markey withers and dies.</p>
<p>By the way in endowment per student we are in the top 50 (check out "endowment" on wikipedia)</p>