Friday, September 11, 2009

Harvard's endowment drops sharply amid recession

Harvard's endowment drops sharply amid recession: "BOSTON (AP) - The total value of Harvard's endowment plunged nearly 30 percent in the last fiscal year as the Ivy League institution's portfolio was battered by the worldwide recession, the university's management company said Thursday.

The endowment stood at $26 billion on June 30, after distributions and donations, the university said. It stood at $36.9 billion 12 months earlier, at the close of the previous fiscal year."


Beth said...

love the graphic. Wonder if Harvard will suspend its free tuition program now?

Anonymous said...

OMG? Lack of funding... Is that the tune of that tiny violin I hear?

Nah... SWAT!! Just a pesky mosquito after our recent 4 inch rain!