Alex FriedrichThe University of Minnesota endowment was the top investor among its peers this past fiscal year, according to a report by Bloomberg News. Read more →
MPR News Intelligence on higher education
Tag: endowments
Vice President for Finance Douglas P. Anderson of Hamline University has answered the question by MPR’s Tim Post of why Hamline made the feds’ list of colleges that received failing financial health grades. Anderson said in an e-mailed statement that the university “remains financially healthy.” The data is based on the 2008-2009 fiscal year, he said, and Read more →
Oberstar First we read that university endowments are taking a beating. Now it looks like some are the tools of corporations looking to get cozy with politicians. One wonders whether that’s the case with Democratic U.S. Rep. James Oberstar and the University of St. Thomas. Both are in a New York Times article about potential conflicts of interest between Read more →
To put the story of the U’s plunge in its endowment into a little perspective, see the list by Financial Web site 24/7 Wall St. of this year’s Best- and Worst-Managed Endowments at universities. Thanks to Professor Bill Gleason for pointing it out. The 20 Worst Managed Endowments: 1) Harvard, down 30% and $10.9 billion 2) Read more →
The economic crisis caused the value of U of M’s endowment to drop 24.2% between 2008 and 2009 — the second biggest loss among Big Ten schools, according to this piece in The Minnesota Daily. The biggest loser in the Big 10 was Northwestern, whose endowment dropped 24.8%. Couldda-been-worse tidbit: While the University of Minnesota lost more than Read more →