News & Updates From Generation Y

The College Endowment Disaster

In Millennial Matters on February 1, 2010 at 8:50 AM

2009 marked another horrible year for college endowments. According to a recent survey by NACUBO, the endowment funds at 842 institutions fell an average of 18.7%.

Fast Facts:

College and university endowments in the United States and Canada collectively lost $93 billion in 2009

-The eight schools that make up the Ivy League lost a collective $26.6 billion in 2009

-New York University’s endowment fared the best among institutions with endowments worth more than $1 billion, including every single Ivy League school

-The number of schools totaling more than $1 billion in assets fell to 53, down from 77 in 2008

-Over the past ten years, institutions reported an average annual return of 4%. In the same period, the S&P 500 dropped more than 20%

CLICK HERE TO SEE THE BEST AND WORST-PERFORMING ENDOWMENTS OF 2009

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