RememberCTR

Yale Beats Stanford (Endowment)

Not in 2008!

Performance for Harvard, Yale Endowments in 2008

casey00001
Tuition is going down. The endowments pay out on average 5% each year to the schools. In the last year all the schools changed tuition and economic scholarship rules. For example Stanford eliminated tuition for families that earn less than $100,000 a year. Yes, tuition is rising, but the rich kids are the only ones paying that tuition. And who ever liked the rich kid?

Performance for Harvard, Yale Endowments in 2008

contrarian@coalmine
It sounds like you enjoy shooting from the hip. Look at the historical NACUBO data. Of the growth that the top endowments have seen in NAV since the late 1980's <10% is from donations. The endowments are impressive.

Performance for Harvard, Yale Endowments in 2008

contrarian@c
oalmine

Most illiquid mangers outside of endowments are audited. This is so the LP's have some assurance of the numbers. Endowments are also audited (they just don't have to report the audit to the public). There is no way the illiquid assets could be or should be marked to market. Shoot. Look at what happened last week and tell me know the exact value of any asset. FAS 157 has cracked down on unrealized gains and losses as much as it can. Don't be playa hatin the endowments just because they kill it EVERY YEAR. Yale, Harvard, Stanford, MIT, Princeton did not grow to be $15-40 Bn funds on donations. The donation numbers are public and they only account for <10% of the endowment growth.