NU 2008 Endowment had grown?

Colleges and Universities A-Z Northwestern University
1

<p>Top 20 Endowments</p>

<p>Rank
Institution
2008 Endowment
1 Year % Change</p>

<p>1.
Harvard University
$36,556,284,000
+5.5%</p>

<p>2.
Yale University
$22,869,700,000
+1.5%</p>

<p>3.
Stanford University
$17,200,000,000
+.2%</p>

<p>4.
Princeton University
$16,349,329,000
+3.6%</p>

<p>5.
University of Texas System
$16,111,184,000
+3.2%</p>

<p>6.
Massachusetts Institute of Technology
$10,068,800,000
+.9%</p>

<p>7.
University of Michigan
$7,571,904,000
+6.8%</p>

<p>8.
Northwestern University
$7,243,948,000
+11.4%</p>

<p>9.
Columbia University
$7,146,806,000
0%</p>

<p>10.
Texas A&M System
$6,659,352,000
+1%</p>

<p>11.
University of Chicago
$6,632,311,000
+6.9%</p>

<p>12.
University of Pennsylvania
$6,233,281,000
-6.1%</p>

<p>13.
University of Notre Dame
$6,225,688,000
4.2%</p>

<p>14.
University of California
$6,217,340,000
-3.4%</p>

<p>15.
Duke University
$6,123,743,000
+3.6%</p>

<p>16.
Emory University
$5,472,528,000
-1.6%</p>

<p>17.
Cornell University
$5,385,482,000
+2.6%</p>

<p>18.
Washington University
$5,350,470,000
-3.9%</p>

<p>19.
Rice University
$4,610,164,000
-1.3%</p>

<p>20.
University of Virginia
$4,572,613,000
+4.6%</p>

<p>Fortunes</a> Falling :: Inside Higher Ed :: Higher Education's Source for News, Views and Jobs</p>

2

<p>No, I think those numbers are for FY ending 2008. FY isn't necessarily the same as calendar year. According to the report, FY ends on Jun 30 for academic institutions.</p>

3

<p>Yes, FY 2008 ended June 30, 2008. FY 2009 began July 1, 2008 and ends June 30, 2009.</p>

4

<p>Yes, for FY ending June 2008, NU's endowment increased, due greatly to a $700 million sale of its Lyrica rights to Royalty Pharma in late 2007.</p>

5

<p>Lyrica - NU's Godsend?</p>

<p>As incredible as the money they've made thus far appears, NU only sold PART of their Lyrica royalties - they still will be seeing money come in for as long as the drug holds on to its patent. Not all these proceeds have gone into the endowment. Some is being directly applied to capital projects on campus (e.g. the new music building and the arts green).</p>

<p>All in all, with the economic downturn devastating endowments right and left, Lyrica has helped guarantee Northwestern's financial health while others have floundered.</p>

6

<p>Dont pat them on the back until you see the losses in 2008-09. As to any sums received to date from lyrica, it all depends on how they invested those proceeds, doesn't it. Expect real declines of 40+ percent in the endowment for 2008-09. More if they followed the Yale model of alternative investments like, oil sitting in tankers, timber and investments in hedge funds.</p>

7

<p>Apparently science grad students got free laptops with Lyrica money... Or so I have heard. Lucky lucky.</p>

8

<p>mia305 wrote "Expect real declines of 40+ percent in the endowment for 2008-09. More if they followed the Yale model of alternative investments like, oil sitting in tankers, timber and investments in hedge funds."</p>

<p>If Northwestern only were so lucky to have invested in Hedge Funds. The S&P 500 was down 37% last year. But hedge funds on average lost only 15%. This was the widest difference between hedge funds and the stock market since 2002. From MarketsMedia:</p>

<p>Hedge funds had their worst year on record in 2008, according to two industry trackers, but they may also have had their largest out-performance of the overall equities markets since 2002.</p>

<p>The average hedge fund declined in value 15.35 percent in 2008, according to data released Monday by HedgeFund.net. According to data released on Tuesday, the Hennessee Hedge Fund Index declined somewhat more, 19.2 percent.</p>

<p>While those numbers might make investors cringe, the S&P 500 was down 37 percent last year. That makes the spread between hedge funds and equities the greatest they have been since the last major bear market. In 2002, the S&P was down 21.97 percent, but hedge funds returned a positive 5.74 percent, according to HedgeFund.net.</p>

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