Friday, March 07, 2008

Higher Ed Endowment Spending

Inside Higher Ed has obtained many of the reports that schools sent to the Senate Finance Committee about endowments. Article here.

3 comments:

Anonymous said...

We draw more from our endowment than ANY other instituion, and the draw is going up to 6.0% soon.

That means that if the market goes south, and the endowment falls, like it did in 2001/2/3, the cost cutting of that period (libraries, swim team, etc.) will seem like a picnic.

Anonymous said...

In 1998, the College drew its $1.5Bn endowment down by 3.8%: $57,000,000.

In 2007, the College drew its $3.7 Bn endowment down by 5.4%: $200,000,000.

Can anyone spell TRAIN WRECK.

Anonymous said...

So you've switched from whining about how Dartmouth is so rich it could give everyone free tuition to saying it spends too much of its endowment?

Telling us the proportion of endowment drawn down without telling us the proportion of growth is completely lacking in meaning. The endowment will be LARGER after a 10% draw following 20% growth than after a 5% draw following 2% growth.

Maybe the endowment managers change the size of the tap depending on the economy and performance?