by Max Pristie, June 22, 2016
The average endowment size of the schools with the largest 50 endowments is $5,200,153,415. The average endowment size of the schools with the 201-250th largest endowments is only $166,320,675 and the average of schools with 451-500th largest endowments shrinks even further to just $58,247,840. But what does this mean? Does having a larger endowment make a school better, or just simply wealthier? Will students be more inclined to go to a certain school, or have more postgraduate success, because of a larger endowment, or is there no effect at all?
by Reuters, June 21, 2016
Harvard University will rely more on outside money managers to oversee the Ivy League school’s $37.6 billion endowment as it scales back on making direct stock picks, it said on Monday.
Michael Ryan, head of public markets and absolute return strategies at Harvard Management Co, is leaving and more jobs in the internal equity team will be eliminated, the endowment said in an internal email reviewed by Reuters.
by Grace Rahman, May 27,2016
Imperial’s investment portfolio is a well-known part of the college’s assets. Much like a savings account, a board decides where we invest year on year, to make the most of our stacks of cash and earn us interest. This is done by most universities, and whereas Oxford and Cambridge’s endowments are in the billions, ours are at a modest £201 million.
by Michael McDonald, May 25, 2016
As the head of Yale University’s endowment, David Swensen earned $5.1 million in 2014, trailing counterparts at rival schools even as his fund outperformed them.
Swensen’s 44 percent increase in compensation included a $2.3 million bonus, deferred pay and benefits, according to the school’s most recently available tax filing. Swensen, 62, oversees a staff of about 50 people and an endowment that is consistently among the top performers in higher education.
Big Endowments And Underwhelming Returns At Kentucky Universities l Kentucky Center for Investigative Reporting
The Kentucky Center for Investigative Reporting examined five years’ worth of investment returns of 11 collegiate endowments across the state. The chief takeaway? Bigger is definitely not better. The public colleges in Kentucky that have amassed the largest war chests of public donations are nowhere near the winner’s circle when it comes to making money.
UK -- whose $1 billion endowment is the state’s largest -- ranked a mediocre sixth in generating returns on donors’ money over five years. The U of L Foundation’s ranked ninth.
- Much has been made over two Connecticut bills that propose taxing the endowments of private universities within the state as well as their commercial property. Setting aside some important caveats (the endowment bill was limited to colleges with endowments over $10 billion – Yale is the only university in Connecticut which meets this definition), these proposed bills reflect a burgeoning movement across the country urging states to soak their richest private universities of their hefty tax-free endowments.
Harvard Management Company Leader Takes Medical Leave l Harvard Magazine
May 23, 2016
- The University announced this morning that Stephen Blyth, president and chief executive officer of Harvard Management Company—which invests the endowment assets—is taking a temporary medical leave of absence, effective immediately. Blyth assumed his current responsibilities just 17 months ago, effective January 1, 2015, and was engaged in a thorough review and redirection of the management company and its investment processes, as described here, after a period of disappointing investment returns.
University of California Ranked Best University Investment Fund in Addressing Climate Change l University of California Press Room
UCOP Office of the President, May 2, 2016
For the second year in a row, the University of California ranked highest among universities worldwide in incorporating climate change risks in its investment decision-making, according to the findings released today (May 2) by an independent organization. Among all investment funds worldwide, UC ranked 17th, jumping eight spots from its position in 2015. The accolades highlight UC’s global leadership in and continued commitment to sustainability.
Clean Energy Powers College and University Endowments l HUFFPOST GREEN
by Stacy Clark, April 23, 2016
The majority of the 400 colleges and university endowments that have received official requests by their students to divest from fossil fuels have so far pushed back. The explanations offered generally lack the kind of thoughtful analysis that students are expected to demonstrate in their own coursework, leaving many wondering if academic endowments may just be woefully out of touch with the tumultuous state of our world’s climate. Others surmise that they are simply reluctant to change course, believing that the comfortable returns that fossil fuels stocks have delivered to investors will continue.