<p>halcykon: just to give you some background, when I graduated, Y’s endowment was huge $2B. As of end of 07, it has mushroomed to an enormous $23B. Through extremely wise and fortunate investment strategies, the endowment’s growth has transformed the face of Yale and what it can do for future generations. As a matter of fact, the proposed residential college expansion is slated to be the most expensive construction project in the history of CT ($650M).</p>
<p>In the last few years, Yale SPENT more than many universities’ entire endowments.</p>