<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>
<p>My estimate based on the recent 10 year history would be around $16Bln. I agree as to the separation comment, again based on history. MIT is within reach as I think Michigan’s relative size advantage will gradually grind away the gap. The other schools ahead on the list appear to be too far ahead to catch in less than 3 generations.</p>