About

Any person.
Any study.
Any Cornelliana.

An alumni
blog about Ezra's
University. (more)

Contact

Comments?
Suggestions? Tips?
Leads?

editor(at)metaezra.com

Links

-- WVBR

[+] Cornell News

[+] Higher Ed News

[+] Campus Pubs

[+] Alumni Interest

[+] Diversions

[+] Blogs

[+] Sports

[+] Other Places

Archives

[+] By Month

[+] By Author

Cornell's Endowment Return: 24.2 Percent

A quick glance through today's New York Times will reveal an article about the the skyrocketing endowment returns at colleges and universities across the country. Yale continues to lead the world with a 28 percent return between July 2006 and July 2007:

The Yale Endowment has had a 17.8 percent average annual return over the last decade, beating Harvard, its nearest rival in size, by 2.8 percentage points. During that 10-year period, Princeton came closest to Yale, with a 16.2 percent return.

The second-best-performing school last year was Amherst College, which generated a 27.8 percent return, to raise its value to $1.7 billion. Generally the larger university endowments do better than the smaller ones, according to data compiled by the National Association of College and University Business Officers.

Among the top 10 performing endowments last year, Notre Dame, Duke, Michigan, Virginia and Northwestern all had returns over 25 percent. Notre Dame came in third behind Yale and Amherst at 25.9 percent.

And what about our fair Cornell? A recent publication by the University's investment office reports that Cornell's endowment returned 24.2 percent for fiscal year 2007, up there with the rest of the pack. Cornell's endowment now stands at 5.12 billion dollars. And it beat Harvard's endowment in terms of percentage growth:

Harvard, which has been in the news lately because of the sudden departure of its investment chief, Mohamed A. El-Erian, posted a 23 percent return, bringing its endowment to $34.9 billion.

Still, it's important to remember that even though Cornell's endowment grew at an impressive rate, Harvard and Yale's endowment are so much larger that their endowments grew by an amount equivalent to Cornell's entire endowment.

Of course, these are all returns as of June 30th, 2007. How any of these endowments have performed during the financial roller-coaster ride of the summer months remains to be seen... I hope that none of them have made some foolish investments in the subprime mortgage backed-securities market...


Matthew Nagowski | Posted on September 28, 2007 (#)

blog comments powered by Disqus



Other Recent Posts


-- WSJ: Cornell Wins NYC Tech Campus Bid (EBilmes)

-- Barrier Update: City Approves Nets (DJost)

-- Big Red Cymbal Guy (Nagowski)

-- New York Times Survey on Campus Recruiting is Flawed (KScott)

-- Barrier Update: Legal precedent suggests City of Ithaca will not be held liable for gorge suicide (DJost)

-- Despite MSG Loss, Big Potential for Big Red Hockey (EBilmes)

-- City Council Will Vote on Suicide Nets (DJost)

-- An Encounter on the Upper East Side (Nagowski)

-- Showing Off Your School Spirit (Nagowski)

-- Chipotle Ithaca? (KScott)

-- Cornell at the ING NYC Marathon (KScott)

-- Crossing Over a Fine Line: Commercial Activity on Campus (KScott)

-- Milstein's Downfall (Nagowski)

-- Can any Cornell-associated organization really be independent of the University? (Nagowski)

-- Slope Media Revisited (EBilmes)

-- Slope Media Group Approved for Byline Funding (KScott)

-- Occupy AEM? (KScott)

-- New campus pub to be good for both Greeks and non-Greeks (Nagowski)

-- Gagging the Election (Nagowski)

-- The Changing Structure of Rush Week (Nagowski)

-- Ivy League Humility in the Midwest (EBilmes)

-- Of Median Grades and Economics Minors (Nagowski)

-- Homecoming Recap (Nagowski)

-- My Cornell Bookshelf (Nagowski)

-- The Sun's Opinion Section Has Suddenly Gotten Good (Nagowski)

-- Remembering the 11th (Nagowski)

-- Cornellian Tapped as Top Economic Advisor (Nagowski)

-- Cutting Pledging, and the Good Which Comes With It (EBilmes)

-- Why Cornell Should Not Close Fall Creek Gorge (Nagowski)

-- Welcome to the Class of 2015 (Nagowski)