At some point, 14 percent of Purdue's most recent young alumni cohort, which the school measures as anyone under the age of 35 who graduated within the last 10 years, has given gifts to the university, which has resulted in about $2 million, according to Storm. That represents a tiny chunk of the $300 million Purdue receives annually in gifts system-wide.
Endowments
5/20/2013
5/20/2013
College trustees, who are sometimes inclined to be overly generous, should ponder carefully whether big salaries and bonuses are in keeping with the mission of taxpayer-supported schools.
5/15/2013
The Stella and Charles Guttman Foundation is giving $15 million to New Community College, which will change its name to Stella and Charles Guttman Community College.
5/8/2013
John Griswold, executive director of Commonfund Institute, talks in this Q&A about how colleges and universities can make smart choices in an uncertain economy, and details the major factors influencing investment decisions.
5/7/2013
Fossil Free UD, a University of Delaware campus campaign that aims to encourage university administration to divest fossil fuel companies from its endowment funds, has submitted a proposal to its student government that will be voted on next week.
5/7/2013
Former hedge fund manager Joseph Dowling will join the likes of David Swensen, Jane Mendillo, and Narv Narvekar as the Ivy League's newest chief investment officer. Brown University has appointed Dowling to lead its $2.8 billion endowment, making him the second CIO in the school's history.
4/11/2013
After Gov. Jay Nixon called for increased performance-based funding for higher education in his State of the State address this January, a funding model doing just that will finally reach the Senate floor for debate.
3/13/2013
Commonfund Forum, currently being held in Hollywood, Florida, released its annual survey data today showing that institutional investor expectations for 2013 remain positive. Commonfund conducted its third annual Commonfund Investor Outlook Survey™ which gauges the sentiment of the more the 500 participants at the Commonfund Forum. This year data was collected from 217 attendees representing a broad range of nonprofit institutional investors and pension funds. The combined assets were $123 billion.
2/13/2013
2012 was not the best year for higher ed endowments, which ended FY2012 at -0.3 percent, compared to a 19.2 percent growth the prior year, according to the 2012 NACUBO-Commonfund Study of Endowments.
2/1/2013
On average, investment returns on college and university endowments declined by 0.3 percent in the last fiscal year, a sharp drop from the average return of 19.2 percent in fiscal 2011, according to a study by the Commonfund Institute and the National Association of College and University Business Officers, known as Nacubo.
1/16/2013
The Board of Trustees at Unity College in Maine has voted to divest their endowment from fossil fuel industries. Now, the Harvard College Undergraduate Council has announced they want Harvard University to divest its $30.7 billion endowment from fossil fuels.
1/16/2013
Brandeis’ roughly $700 million endowment took a negative dip in the last fiscal year, after several years of rebuilding from losses sustained in the 2008 recession. The endowment draw rate also declined slightly.
1/16/2013
Judy Woodruff, formerly a student, visiting professor and member of the Board of Trustees at Duke, has been elected a trustee of the Charlotte-based Duke Endowment. She has worked at CNN, NBC News and PBS—where she is currently the co-anchor and senior correspondent.
12/17/2012
The financial crisis is in the past, more or less, and campuses are looking ahead to a new era for their endowments. But what does this mean? Four years on, we’ve come to grips with the changes wrought by the September 2008 market crash. Finance departments are revising their theories and boards of trustees are revising their expectations under what has been called the “new normal”—a time of low stock market returns, low interest rates, and low growth in personal income.
12/5/2012
A group of Swarthmore College students is asking the school administration to take a seemingly simple step to combat pollution and climate change: sell off the endowment’s holdings in large fossil fuel companies. For months, they have been getting a simple answer: no.
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