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re: How will BR/LSU/TAF handle the Stanford crisis?
Posted on 2/19/09 at 7:44 pm to rabend1
Posted on 2/19/09 at 7:44 pm to rabend1
quote:
Many schools depend upon income from their endowments to fund their overhead, due to the financial crisis these endowment funds are worth approximately 60% of the value they had in 2007. Additionally, the interest generated on these endowments is well below what was forcasted, so they are struggling.
i would love to see some of the endowment numbers from the private universities. nacubo released their annual endowment study recently but the numbers only ran through june and don't seem to include the massive losses that some schools have seen lately. for instance they actually have harvard's endowment up 5% and it's crashed since then.
i'm really curious about tulane's endowment. i've met our CIO, i actually almost worked for him, and he seems like he knows his stuff. he's a TU grad who worked with peter lynch for years. i know we were fairly well diversified also. the fact that there hasn't been a press release on the endowment in a long time though makes me think it took a hit
This post was edited on 2/19/09 at 7:50 pm
Posted on 2/19/09 at 7:49 pm to TulaneTigerFan
They've got to be scared to reevaluate those endowments, they typically track the S&P more than the dow given their diversity, but they rose so quickly during the late '90's and early '00, and not just due to continued contributions, I'll bet they lost all that ground due to this crap.
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