Harvard Endowment Raises $1.2 Billion in Donations, Loses $2 Billion in Investments
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Posted by Aleister Wednesday, February 8, 2017 at 1:30pm
“haul was erased by $2 billion in investment losses and spending”
http://www.veritas.org/wp-content/uploads/2013/09/harvard_gate.jpg The donors giveth and the market taketh away. I wouldn’t be too worried about Harvard. They have more money than God.
Bloomberg reports:
Harvard’s $1.2 Billion Haul Erased by Investing Loss, Payout
Harvard University raised $1.2 billion from donations, a record for the world’s richest college. The haul was erased by $2 billion in investment losses and spending.
Harvard’s take was the most by any U.S. university as colleges collected an unprecedented $41 billion in fiscal 2016, the New York-based Council for Aid to Education, which tracks university giving, said in a survey released Tuesday. Stanford University was ranked No. 2, with $951 million, marking only the second time in 12 years that Stanford failed to outpace Harvard in fundraising.
Harvard Endowment Raises $1.2 Billion in Donations, Loses $2 Billion in Investments
