<p>The fallout from the economic situation is becoming apparent at various universities. Have any other universities reported?</p>
<p>UT-Austin endowment loses $1 Billion</p>
<p>
[quote=]
AUSTIN The University of Texas at Austin endowment has declined by nearly $1 billion this year as a result of the turmoil in worldwide financial markets.</p>
<p>The university's share of the Permanent University Fund, plus its other endowment holdings, stood at $7 billion at the start of the year.</p>
<p>By the end of September, the latest date for which figures were available, the value had declined by nearly 13 percent to $6.1 billion. </p>
[/quote]
</p>