Midd's Endowment cracks $700 million

Papa_Chicken
Thu, 02 Nov 2006 14:03:17 +0000

silhouette-- that figure is 2 years old!..$ should be better now.

The 2005 factbook reports a 2005 value of 722M, excluding “life income & annuities”…and the comparable factbook number for 2004 is 665M. One possible explanation of the difference between the 700 (arcadia’s number above…I also found the Middcampus reference to this 2004 number and 22.7% return…703 more precisely) and 665 factbook statistic (along with a slightly different return %) is that the larger number includes everything like annuities…just a guess. Extrapolating from this guess, the all-up value at 2005 close was probably on the order of 760M. Assuming 10% return, the trimmed 2006 value would calculate to be ~795M, and the all up value w/ annuities etc included would be ~835M…assuming I’ve interpretted this with and without thing correctly. I suspect the smaller values (without annuities) are more appropriate to use, because Middlebury uses them to compare to other colleges in their factbook.

check this factbook excerpt out:
http://www.middlebury.edu/NR/rdonlyres/79F8DD42-66AE-40ED-986A-F3F4416F0EA2/0/endowmt05.pdf

ps…suspect 2006 factbook will be out soon, as the title (2006 factbook) is posted on the main IR page, but no substance posted yet: