Harvard's endowment now $25.9 billion!

Colleges and Universities A-Z Harvard University
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<p>BOSTON, Massachusetts (AP) -- Harvard University's endowment has surged past the $25 billion mark, the school said Friday as it named an interim head of the successful, quasi-independent company that has helped make the university the wealthiest in the world.</p>

<p>Harvard said departing money manager Jack Meyer earned a return of 19.2 percent for the university last year, helping boost the endowment to $25.9 billion....</p>

<p>Harvard's endowment is the largest of any university in the world, exceeding No. 2 Yale by more than $10 billion.</p>

<p><a href="http://www.cnn.com/2005/EDUCATION/09/30/harvard.endowment.ap/index.html%5B/url%5D"&gt;http://www.cnn.com/2005/EDUCATION/09/30/harvard.endowment.ap/index.html&lt;/a&gt;&lt;/p>

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<p>That is a tad more than Kent State and Cleveland State have combined.</p>

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<p>i wonder who has the highest per capita.</p>

<p>i think with this huge increase, Harvard might beat Princeton in per capita endowment.</p>

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<p>That's a pretty big jump</p>

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<p>Princeton has the highest per capita. I believe it is about 1.8 million/person there, and probably 1.4 million/person at Harvard.</p>

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<p>Princeton: $1,633,318</p>

<p>Harvard: $1,404,397 (86% of Princeton's FTE; in 1995, it was only 71%)</p>

<p>Yale: $1,352,192 (81% of Princeon's FTE; in 1995, it was only 63%)</p>

<hr>

<h2>!0 years ago, the Princeton and Yale endowments were virtually identical; now, Yale has $15 billion, $4 billion more than Princeton's $11 billion.</h2>

<h2>Harvard's $4+ billion increase in its endowment this year is larger than #12 Penn's entire endowment, and 2 1/2 times #24 Brown's entire endowment.</h2>

<p>Next year, the Harvard endowment should contribute more than $1 billion to offset operating expenses.</p>

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<p>Among universities and colleges that have released preliminary results of their investment performance, Yale was one of the biggest winners, earning a 22.3 percent return, which helped push its endowment to $15.2 billion. Stanford earned a 19.5 percent return in the 12 months ended in June, and its endowment grew to $12.4 billion. Harvard's 19.2% investment return resulted in an eyepopping $25.9 billion endowment - larger than the budget of most countries in the United Nations.</p>

<p>Columbia earned 17.7 percent, and its endowment climbed to $4.9 billion. Brown, Dartmouth and Cornell all earned 13 percent to 15 percent. Princeton earned an Ivy-low 11.1%, as its endowment rose to about $11 billion. New York University earned 12.6 percent in the fiscal year that ended Aug. 31.</p>

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<p>20% annual returns, and the alumni are complaining about the guy's high salary? Are they on crack??!@#? For those kind of returns they could give him 200 million and he'd still be worth it...</p>

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<p>I couldn't agree more.</p>

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<p>Columbia's endowment is a disgrace. Whoever is managing it must be on crack.</p>

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<p>So what exactly do they use this money for anyways?</p>

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<p>The income pays a third of the operating budget, including most of financial aid.</p>

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<p>I'm surprised just how small Cornell's supposed endowment is. The USnews figure was tiny. Harvard almost had 50 times its endownment. I doubt Harvard is 50 times better than Cornell so what does does the whole endownment figure mean for students?</p>

<p>Oh- and happy 3000 post Byerly!</p>

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<p>Regarding salaries for investment managers, there should be limits on compensation. It is not the investment managers' money that is at risk. Would they be willing to personally pay the college/university a percentage of any losses in a year when there is an economic downturn?</p>

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<p>In the free market, the best people command top dollar, and their track record shows they are worth it.</p>

<p>If the Harvard endowment had grown at the benchmark rate over the past 10 years, they would now have $14 billion less than they do.</p>

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<p>Maybe they should offer the current Yale managers more money so that they come to Harvard and boost Harvard instead :p</p>

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<p>Wow, with that sort of money harvard could probably buy a few of the nation's smaller colleges.</p>

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<p>It would be nice if they just eliminated tuition.</p>

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<p>Why subsidize people who can afford to pay in addition to those who can't?</p>

<p><a href="http://www.educause.edu/ir/library/pdf/ffp9901s.pdf%5B/url%5D"&gt;http://www.educause.edu/ir/library/pdf/ffp9901s.pdf&lt;/a&gt;&lt;/p>

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<p>Thats a strange article. I've heard people say that HYP FinAid are more suited towards the middle class applicants rather than just for those that can't pay.</p>