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I find these interesting. There is also a post from September on the inside higher ed site with endowments per student. The top 10 schools are (in order) Princeton, Yale, Stanford, MIT, Harvard, Amherst, Swarthmore, Williams, Pomona and Caltech. I think this is also an interesting metric as it pulls in the SLACs and is indicative of the resources devoted to undergrads.
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Well, the UT system is 8 universities and 5 medical centers--the endowment is split up among them. |
Only UT Austin gets the bulk of it, earmarked for "Excellence". Texas A&M is similar. |
Out of 25, I believe only Princeton, MIT, Notre Dame, and Rice do not have medical schools. And Rice has a research collaboration arm with the Texas Medical Center, the world's largest medical district, which is just across the street. |
The bulk of endowment money has a restricted purpose, meaning the donor specified a use for the funds. This can include the medical school or specific medical research, law school, MBA program, athletic team, etc. The endowment may not directly benefit any students, and it may be restricted to only those students in that program. |
They share 2 million acres in West Texas with huge oil and gas production and reserves, along with other mineral rights. The surface is also among the best for solar and wind energy. The Permian Basin oil field is now the world's most productive. It moved ahead of Saudi Arabia's Ghawar field. |
I keep hearing this on this board. Is there any study backing up the assertion? |
I hope you are joking otherwise common sense has left the building. |
If there were, they probably don’t take in many different examples where have a larger endowment is important. For example, new buildings and rehabs are an expensive undertaking. A larger endowment is going to go a lot farther in this case than a smaller one no matter how many students are on campus/enrolled. |
| It's important, UChicago said they have to go on a hiring freeze due to budget issues. So a decrease in endowment could be costly for these schools especially during times of high interest. |
| Notre Dane must have lost a substantial amount of their endowment. I seem to recall they were close to 20 billion a while ago. |
Let me see. Will I have more disposable income from savings if I am a millionaire and single or if I share a million dollars with a million people? |
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The WSJ had an article about this today, and they found Baylor University's endowment had the second highest rate of return, after Brown.
https://www.wsj.com/finance/investing/the-small-university-endowment-that-is-beating-the-ivy-leagues-8ce37cf1?st=7s9140dgzgwyrs4&reflink=desktopwebshare_permalink |
Well, I would think the physical plant is probably a lot larger at Michigan with 50K students than at Amherst with 2K students. |
I doubt it. There are news stories that include all funds under management, not just endowment. Universities keep additional funds for accounts payable, etc. that are not endowment. The endowment study from NACUBO includes only long-term endowments. |