Princeton's Endowment Reaches Highest Total Ever (news item)

<p>Princeton</a> University - Princeton endowment earns 21.9 percent return</p>

<p>Think back to three years ago.</p>

<p>A major collapse in the stock market had sent Princeton's endowment reeling, dropping it a bit over 23%. The drop was not as great as at some of Princeton's peers but it was serious nonetheless. Capital spending and operating expenses were both cut. </p>

<p>The following year, the news was remarkably good. </p>

<p>At the end of June 2010 the endowment had increased from $12.6 billion to $14.4 billion a growth of 14.3%.</p>

<p>The news this year is even better.</p>

<p>As of June 30th, Princeton had completely recovered all previous losses and had reached its highest endowment total ever. The new total for the end of this last fiscal year is $17.1 billion, exceeding a previous high of $16.7 billion.</p>

<p>Princeton reported today that investment returns were 21.9% the highest in the Ivy League (tied with Yale). Endowment growth was 18.8%.</p>

<p>Last year, Princeton showed the highest rate of growth among the major university endowments and the second highest rate of investment return (after Columbia). Here are this year's numbers for Harvard, Princeton and Yale, the three largest university endowments in the U.S.</p>

<p>2011 Endowment Growth</p>

<p>18.8%-----Princeton
16.2%-----Yale
15.9%-----Harvard</p>

<p>2011 Investment Rate of Return</p>

<p>21.9%-----Princeton, Yale
21.4%-----Harvard</p>

<p>Total Endowment Size</p>

<p>$32.0 billion-----Harvard
$19.4 billion-----Yale
$17.1 billion-----Princeton</p>

<p>After all the Ivies and large university endowment figures are available, I'll include all of them in these tables.</p>

<p>Duke and Columbia had the highest investment returns this year of the mega-selective private school with Duke gaining 24.5% and Columbia up 24%. It's been a good year for elite university endowments overall.</p>

<p>As promised, here are some rankings comparing all of the Ivies plus some additional large university endowments. I’ve left off Northwestern, which does not yet appear to have announced its results. Also missing are the university systems of California and Texas which cover a great many institutions.</p>

<p>Cornell led this year with the greatest endowment growth. Duke had the greatest investment return. Finally, by large margins in both cases, Harvard continues to have the largest endowment overall and Princeton continues to have the largest endowment per student.</p>

<p>2011 Endowment Growth
(sum of investment return, gifts and expenditures)</p>

<p>21.6%-----Cornell</p>

<p>20.0%-----Columbia</p>

<p>19.5%-----Stanford
19.3%-----MIT
18.8%-----Princeton
18.2%-----U. of Michigan
18.0%-----Duke</p>

<p>--gap--</p>

<p>16.2%-----Yale
15.9%-----Harvard
15.8%-----Penn</p>

<p>--gap--</p>

<p>13.7%-----Dartmouth
13.6%-----Brown
11.9%-----U. of Chicago</p>

<hr>

<p>2011 Investment Rate of Return</p>

<p>24.5%-----Duke
24.3%-----U. of Michigan
23.6%-----Columbia</p>

<p>22.4%-----Stanford
21.9%-----Princeton, Yale
21.4%-----Harvard</p>

<p>19.9%-----Cornell</p>

<p>19.0%-----Brown
18.8%-----U. of Chicago
18.6%-----Penn
18.4%-----Dartmouth
17.9%-----MIT</p>

<hr>

<p>Total Endowment Size</p>

<p>$32.0 billion------Harvard</p>

<p>--gap—</p>

<p>$19.4 billion------Yale
$17.1 billion------Princeton
$16.5 billion------Stanford</p>

<p>--gap--</p>

<p>$9.90 billion-----MIT
$7.80 billion-----Columbia, U. of Michigan
$6.58 billion-----Penn
$6.31 billion-----U. of Chicago
$5.70 billion-----Duke
$5.35 billion-----Cornell
$3.41 billion-----Dartmouth
$2.50 billion-----Brown</p>

<hr>

<p>Institution -- Endowment Size--Endowment $'s Per Student</p>

<p>Princeton-------$17.1 billion-------$2,259,812.00</p>

<p>--gap--</p>

<p>Yale------------$19.4 billion-------$1,673,424.00
Harvard---------$32.0 billion-------$1,507,656.00</p>

<p>--gap--</p>

<p>Stanford--------$16.5 billion-------$1,077,094.00
MIT------------$9.90 billion----------$953,390.00</p>

<p>--gap--</p>

<p>U. of Chicago--$6.31 billion----------$612,384.00
Dartmouth-----$3.41 billion----------$569,567.00</p>

<p>--gap--</p>

<p>Duke----------$5.70 billion----------$400,056.00
Penn----------$6.58 billion----------$310,333.00
Brown---------$2.50 billion----------$289,051.00
Columbia------$7.80 billion----------$282,547.00
Cornell--------$5.35 billion----------$255,504.00
U. of Mich.----$7.80 billion----------$187,167.00
 </p>

<p><a href="http://www.nacubo.org/Documents/research/2011_NCSE_Public_Tables_Endowment_Market_Values_Final_January_17_2012.pdf%5B/url%5D"&gt;http://www.nacubo.org/Documents/research/2011_NCSE_Public_Tables_Endowment_Market_Values_Final_January_17_2012.pdf&lt;/a&gt;&lt;/p>

<p>Institution -- Endowment Size--Endowment $'s Per Student</p>

<p>Princeton-------$17.1 billion-------$2,259,812.00</p>

<p>--gap--</p>

<p>Yale------------$19.4 billion-------$1,673,424.00
Harvard---------$32.0 billion-------$1,507,656.00</p>

<p>--gap--</p>

<p>Stanford--------$16.5 billion-------$1,077,094.00
MIT------------$9.90 billion----------$953,390.00</p>

<p>--gap--</p>

<p>Caltech--------$1.77 billion----------$794,263.00
Rice-----------$4.45 billion----------$731,906.00
U. of Chicago--$6.31 billion----------$612,384.00
Dartmouth-----$3.41 billion----------$569,567.00
Notre Dame----$6.26 billion----------$533,504.00</p>

<p>--gap--</p>

<p>Duke----------$5.75 billion----------$389,758.00
Emory---------$5.40 billion----------$388,683.00
Wash U.-------$5.28 billion----------$377,288.00
Northwestern--$7.18 billion----------$374,413.00
Penn----------$6.58 billion----------$310,429.00
Brown---------$2.50 billion----------$289,051.00
Columbia------$7.79 billion----------$282,170.00
Cornell--------$5.06 billion----------$241,626.00
UVA-----------$4.76 billion----------$231,610.00
U. of Mich.----$7.83 billion----------$187,167.00</p>

<p>Well folks, these are the 20 wealthiest universities in the country. Anyone else surprised about how rich Rice and Notre Dame are?</p>