Harvard's Endowment Up to $29.2 Billion

[Scooter24]

http://www.forbes.com/entrepreneurs/feeds/ap/2006/09/19/ap3028477.html

Harvard University said Tuesday its endowment rose by 16.7 percent to $29.2 billion in its latest fiscal year, extending its longtime growth despite recent changes in management.

The endowment's value at the end of June, the end of its fiscal year, compares with $25.9 billion in mid-2005.

Harvard depends on its endowment - a combination of about 11,000 individual funds - for a large portion of its annual expenses. In the 2006 fiscal year, nearly a third of its operating budget, or more than $930 million, came from the university's endowment.

Last year, Harvard named Mohamed El-Erian, a specialist in emerging market debt, as CEO of Harvard Management Co. El-Erian succeeded Jack Meyer, who helped dramatically grow Harvard's endowment from $4.7 billion in 1990.

[Kagemusha]

1. So about 1% of its operating budget came from the endowment,

whereas the endowment is now $29.2 billion.

And no one sees even the slightest thing wrong with the "business" of "education".

[kentjay]

2. ole miss` endowment is just

660 million,they don`t charge out of state tuition,its 5400.00 a year,best liberal arts school in the country.the long necks are great and the women breathless.