<p>Do you mean in terms of the value of the endowment, or its position vis-a-vis other endowments? In terms of value, I would expect it to be in the $15-$18 billion range. Vis-a-vis other endowments, I see Michigan separating itself from its closest peers (Columbia, Penn and Northwestern). The only school ahead of Michigan on the endowment list, MIT, will likely remain ahead, although the gap with be narrower. </p>