<p>The updated endowment figures are starting to come in and they are as bad as had been guessed. Harvard’s president is suggesting that their endowment may drop 30% by the end of this fiscal year. I believe that may be optimistic. From what I have heard, were all assets to be fairly valued as of today, Harvard would be down between 30% and 40%. It’s difficult to offer an intelligent guess as to where these large university endowments will be by next June. </p>
<p>[The</a> Harvard Crimson :: News :: Harvard Endowment Fell 22 Percent in Four Months](<a href=“http://www.thecrimson.com/article.aspx?ref=525669]The”>http://www.thecrimson.com/article.aspx?ref=525669)</p>
<p>Princeton, Yale and Stanford are in nearly the same situation as Harvard. I have heard that in order of magnitude of declines, Harvard has been hit the hardest, Yale has been hit very hard and Princeton has been hit hard. While it may be that Princeton’s declines have been the smallest, they are still severe. I’ve not heard anything about Stanford but given the large share of its endowment in publicly traded stocks (about 40%), its losses probably reflect the declines in the general market indices and approach Harvard’s.</p>
<p>[Crash</a> Course - Barrons.com](<a href=“http://online.barrons.com/article/SB122610188023510005.html?mod=googlenews_barrons]Crash”>http://online.barrons.com/article/SB122610188023510005.html?mod=googlenews_barrons)</p>
<p>The magnitude of these losses is unprecedented and will affect the resources available to students in the near future. Building projects and renovations will be delayed or cancelled and many planned program expansions will have to be put on hold. The situation may be even worse at some other schools.</p>