College coffers are in the pink

[Scooter24]

http://www.usatoday.com/news/education/2006-01-11-college-coffers_x.htm

Posted 1/11/2006 8:19 PM Updated 1/11/2006 8:23 PM

College coffers are in the pink
By Mary Beth Marklein, USA TODAY

U.S. colleges and universities earned "respectable returns" on their endowments last year as wealthier schools posted higher averages than less wealthy ones, a report out Thursday shows.

Annual returns on endowments averaged 9.7%, says the Commonfund Benchmarks Study. It is based on 729 education institutions, primarily public and private universities but also independent schools and private education foundations.

...

Last year's not-quite double-digit average is down from 14.7% in 2004, the report says, but up from 3.1% in 2003, and well above the drops reported in 2002 ( minus 6%) and 2001 ( minus 3%).

Institutions with more than $1 billion in assets, which primarily are private universities, reported higher three- and five-year averages: 11.6% and 5.1%, respectively, compared with 9.5% and 3.3% for institutions with less than $10 million in assets, the report says.

Similarly, wealthier institutions reported having higher expectations than other schools.

(more)

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Top 10 college endowments as of June 30, 2004:

1. Harvard University
$22.1 Billion

2. Yale University
$12.7 Billion

3. University of Texas System
$10.3 Billion

4. Princeton University
$9.9 Billion

5. Stanford University
$9.9 Billion

6. Massachusetts Institute of Technology
$5.8 Billion


The above figures are from 2004. Just recently Yale posted a record return for FY 2005 at 22.3% bringing their endowment to $15.2 Billion. Harvard's endowment for FY 2005 grew 19.2% to $25.9 Billion. This figure is about one-and-a-half-times the market value for General Motors.

[bluestateguy]

1. I'm sure they'll return that to students in the form of lower tuition now

After all we were told in 2000, in nice folksy-sounding populist rhetoric, that because we had a budget surplus the American people deserved a tax cut. So I wonder if the same logic applied to colleges and universities.

[Scooter24]

2. I wish...

My tuition to Yale in the fall is looking to be around $45,000.

I'll probably qualify for a small amount of aid, but most of that will be out-of-pocket costs.

[BiggJawn]

5. Or higher pay to the Staff....

Don't hold your breath...

[SoCalDem]

3. Gee what a novel concept.. Money attracts MORE money

who'da-thunk-it?:shrug:

and tons o' cash makes for optimism..another egghead extravaganz-tastic idea

[saigon68]

4. The Ruling CLASS educates its children

Show me the way to the Vomitorium

Yuk

Like a certain Chimpanzee they are the Have--mores.