<p>I certainly won’t be donating to that albatross of a building known as the new north dorm, but I do try to give a bit every year. The school’s fundraising machine, though, to me, doesn’t seem to do that great a job yet. </p>
<p>Years ago, UChicago, NU, UPenn, etc. all had similar endowments. The other schools have established some distance from UChicago now.</p>
<p>UChicago utilizes more debt, and can rely less on donations, than some of its chief peers (including Harvard, Yale, Northwestern, and Columbia).</p>
<p>Thanks for the article from CRAIN’S. UChicago is in the right direction, spending money in the development (new dorm, Logan Art center, molecular engineering institute, political science institute, etc.) for a better future status. Support.</p>
<p>A lot will rest on the new fundraising campaign. UChicago needs more coming in the way of donations and gifts, and less from increasingly expensive debt.</p>
<p>Uchicago has a higher endowment per capita than both Penn and Columbia (UChicago has about 15k students, Penn is at 20-22k, and Columbia is 25k). Market performance, though, has lagged. Hopefully the new fundraising campaign will infuse more cash into the endowment, but the returns need to get better too. A 6.6% return when most peers were getting 10-15% returns isn’t cutting it.</p>
<p>Well, Harvard was getting better returns than everyone else for several years, and that didn’t really work out too well. And if you are concerned that Hyde Park residents won’t like the new dorm (which by the way, I don’t think is a given at all) try talking to Allston about Harvard.</p>
<p>Harvard has the biggest endowment base among all higher education institutions, but in some recent fiscal years, FY 2009-2010, FY 2010-2011, FY 2011-2012, Chicago’s endowment returns were much better than Harvard’s. Even within some Ivies, Harvard suffered the worse performance return during FY 2012-2013.</p>
<p>Looking at year-by-year comparative endowment returns is NOT a meaningful way of judging a university’s investment strategy relative to its peers, much less anything else about the university. Three- to five-year moving averages might tell you something; one year not so much.</p>