Endowment - Revision history

M3hr: /* Size */

2015-04-28T00:04:19Z

‎Size

M3hr at 23:59, 27 April 2015

2015-04-27T23:59:29Z

M3hr: /* Size */

2015-04-27T23:58:16Z

‎Size

M3hr: /* Size */

2015-04-27T23:55:30Z

‎Size

Admin: /* Relative to Peers */

2013-06-25T15:50:16Z

‎Relative to Peers

Absentminded: /* References */

2013-05-29T04:33:01Z

‎References

Absentminded: /* Size */

2013-05-29T04:32:26Z

‎Size

Absentminded: /* Relative to Peers */

2013-05-01T03:33:31Z

‎Relative to Peers

Absentminded at 22:22, 30 April 2013

2013-04-30T22:22:04Z

The Engineer at 05:13, 20 November 2012

2012-11-20T05:13:16Z

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 ==Size==
-Columbia's endowment at the end of fiscal year 2014 came in at $9.2 billion. This ranks it the 8th largest university endowment in the United States (including the University of Texas "system" as a single endowment). Among its [[Ivy League]] peers, it used to rank behind only the obscenely rich Harvard, Princeton and Yale, but fell behind Penn in 2014 (probably because of the costs involving Manhattanville).<ref> For some historical context, see Roger Geiger's "To Advance Knowledge: The Growth of American Research Universities, 1900 - 1940", which includes comparative endowment data for Columbia any its peers from 1899-1939 on [http://books.google.com/books?id=y2SbOAWadz4C&lpg=PA276&pg=PA276#v=onepage&q&f=false pg. 276 et. seq.]</ref> Unlike many of its peers, especially Harvard and Yale, Columbia's endowment has recovered and surpassed its pre-[[w:Great Recession|Great Recession]] value of $7.147 billion, while Harvard and Yale remain 15-17% short of their values on June 30, 2008.
+Columbia's endowment at the end of fiscal year 2014 came in at $9.2 billion. This ranks it the 11th largest university endowment in the United States (including the University of Texas and Texas A&M "systems" as single endowments each). Among its [[Ivy League]] peers, it used to rank behind only the obscenely rich Harvard, Princeton and Yale, but fell behind Penn in 2014 (probably because of the costs involving Manhattanville).<ref> For some historical context, see Roger Geiger's "To Advance Knowledge: The Growth of American Research Universities, 1900 - 1940", which includes comparative endowment data for Columbia any its peers from 1899-1939 on [http://books.google.com/books?id=y2SbOAWadz4C&lpg=PA276&pg=PA276#v=onepage&q&f=false pg. 276 et. seq.]</ref> Unlike many of its peers, especially Harvard and Yale, Columbia's endowment has recovered and surpassed its pre-[[w:Great Recession|Great Recession]] value of $7.147 billion, while Harvard and Yale remain 15-17% short of their values on June 30, 2008.
 ===Relative to Peers===

← Older revision		Revision as of 23:59, 27 April 2015
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−	Columbia's [[endowment]] is an approximately $8 billion portfolio of equities, commodities, fixed-income instruments, and cash equivalents. It is not a "slush fund" for spending, as it is mean primarily to serve as a long-term investment vehicle. On the other hand, it's not just a pile of money that serves no purpose but to grow each year either. It is managed by the [[Columbia Investment Management Company]].	+	Columbia's [[endowment]] is an approximately $9 billion portfolio of equities, commodities, fixed-income instruments, and cash equivalents. It is not a "slush fund" for spending, as it is mean primarily to serve as a long-term investment vehicle. On the other hand, it's not just a pile of money that serves no purpose but to grow each year either. It is managed by the [[Columbia Investment Management Company]].

	==Size==		==Size==

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 ==Size==
-Columbia's endowment at the end of fiscal year 2014, came in at $9.2 billion. This ranks it the 8th largest university endowment in the United States (including the University of Texas "system" as a single endowment). Among its [[Ivy League]] peers, it used to rank behind only the obscenely rich Harvard, Princeton and Yale, but fell behind Penn in 2014 (probably because of the costs involving Manhattanville).<ref> For some historical context, see Roger Geiger's "To Advance Knowledge: The Growth of American Research Universities, 1900 - 1940", which includes comparative endowment data for Columbia any its peers from 1899-1939 on [http://books.google.com/books?id=y2SbOAWadz4C&lpg=PA276&pg=PA276#v=onepage&q&f=false pg. 276 et. seq.]</ref> Unlike many of its peers, especially Harvard and Yale, Columbia's endowment has recovered and surpassed its pre-[[w:Great Recession|Great Recession]] value of $7.147 billion, while Harvard and Yale remain 15-17% short of their values on June 30, 2008.
+Columbia's endowment at the end of fiscal year 2014 came in at $9.2 billion. This ranks it the 8th largest university endowment in the United States (including the University of Texas "system" as a single endowment). Among its [[Ivy League]] peers, it used to rank behind only the obscenely rich Harvard, Princeton and Yale, but fell behind Penn in 2014 (probably because of the costs involving Manhattanville).<ref> For some historical context, see Roger Geiger's "To Advance Knowledge: The Growth of American Research Universities, 1900 - 1940", which includes comparative endowment data for Columbia any its peers from 1899-1939 on [http://books.google.com/books?id=y2SbOAWadz4C&lpg=PA276&pg=PA276#v=onepage&q&f=false pg. 276 et. seq.]</ref> Unlike many of its peers, especially Harvard and Yale, Columbia's endowment has recovered and surpassed its pre-[[w:Great Recession|Great Recession]] value of $7.147 billion, while Harvard and Yale remain 15-17% short of their values on June 30, 2008.
 ===Relative to Peers===

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 ==Size==
-Columbia's endowment at the end of fiscal year 2012 (June 30, 2012), came in at $7.654 billion. This ranks it the 8th largest university endowment in the United States (including the University of Texas "system" as a single endowment). Among its [[Ivy League]] peers, it ranks behind only the obscenely rich Harvard, Princeton and Yale.<ref> For some historical context, see Roger Geiger's "To Advance Knowledge: The Growth of American Research Universities, 1900 - 1940", which includes comparative endowment data for Columbia any its peers from 1899-1939 on [http://books.google.com/books?id=y2SbOAWadz4C&lpg=PA276&pg=PA276#v=onepage&q&f=false pg. 276 et. seq.]</ref> Unlike many of its peers, especially Harvard and Yale, Columbia's endowment has recovered and surpassed its pre-[[w:Great Recession|Great Recession]] value of $7.147 billion, while Harvard and Yale remain 15-17% short of their values on June 30, 2008.
+Columbia's endowment at the end of fiscal year 2014, came in at $9.2 billion. This ranks it the 8th largest university endowment in the United States (including the University of Texas "system" as a single endowment). Among its [[Ivy League]] peers, it used to rank behind only the obscenely rich Harvard, Princeton and Yale, but fell behind Penn in 2014 (probably because of the costs involving Manhattanville).<ref> For some historical context, see Roger Geiger's "To Advance Knowledge: The Growth of American Research Universities, 1900 - 1940", which includes comparative endowment data for Columbia any its peers from 1899-1939 on [http://books.google.com/books?id=y2SbOAWadz4C&lpg=PA276&pg=PA276#v=onepage&q&f=false pg. 276 et. seq.]</ref> Unlike many of its peers, especially Harvard and Yale, Columbia's endowment has recovered and surpassed its pre-[[w:Great Recession|Great Recession]] value of $7.147 billion, while Harvard and Yale remain 15-17% short of their values on June 30, 2008.
 ===Relative to Peers===

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 ===Relative to Peers===
 {| class="wikitable sortable"
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 |$970
 |}
 ==Structure==

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 While Columbia certainly has the resources to manage a hedge fund using its pool of financially savvy alumni, the university is apparently taking a more conservative investment approach. Though the best model for the institution is open to debate, one should be wary of judging any investment philosophy solely on the basis of past performance.
 ==References==
-* [http://finance.columbia.edu/controller/resources/reports-33061-TheTrusteesofColumbiaUniversityintheCityofNewYork.pdf Columbia's 2006 financial report]
+<references/>
 [[Category:Endowment|*]]

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 ! Institution
 ! 2012 Endowment<br>([[w:1000000000 (number)|billion]] [[USD]])
-! 2012 Endowment per student <br>([[w:100000 (number)|hundreds of thousands]] [[USD]]
+! 2012 Endowment per student <br>([[w:100000 (number)|hundreds of thousands]] [[USD]])
 |-
-|Harvard
+|[[Harvard]]
 |$30.435
-|Money
+|$1,445
 |-
-|Princeton
+|[[Princeton]]
 |$16.954
-|Money
+|$2,098
 |-
-|Yale
+|[[Yale]]
 |$19.345
-|Money
+|$1,624
 |-
-|Columbia
+|'''[[Columbia]]'''
-|$7.654
+|'''$7.654'''
-|Money
+|'''$265'''
 |-
-|Cornell
+|[[Cornell]]
 |$4.947
-|Money
+|$221
 |-
-|University of Pennsylvania
+|[[University of Pennsylvania|Penn]]
 |$6.755
-|Money
+|$273
 |-
-|Brown
+|[[Brown]]
 |$2.460
-|Money
+|$291
 |-
-|Dartmouth
+|[[Dartmouth]]
 |$3.486
-|Money
+|$567
 |-
-|Stanford
+|[[Stanford]]
 |$17.036
-|Money
+|$935
 |-
-|MIT
+|[[MIT]]
 |$10.150
-|Money
+|$907
 |-
-|Duke
+|[[Duke]]
 |$5.555
-|Money
+|$381
 |-
-|Amherst
+|[[Amherst]]
 |$1.641
-|Money
+|$903
 |-
-|Williams
+|[[Williams]]
 |$1.799
-|Money
+|$854
 |-
-|Swarthmore
+|[[Swarthmore]]
 |$1.499
-|Money
+|$970
 |}
 ==Structure==

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 Columbia's [[endowment]] is an approximately $8 billion portfolio of equities, commodities, fixed-income instruments, and cash equivalents. It is not a "slush fund" for spending, as it is mean primarily to serve as a long-term investment vehicle. On the other hand, it's not just a pile of money that serves no purpose but to grow each year either. It is managed by the [[Columbia Investment Management Company]].
 ==Structure==
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 ==Spending rule==
 With various conditions, the [[Trustees]] aim to spend approximately 5% of the endowment per year to fund the university [[budget]]. Indeed, approximately $200-$300 million of the university's $2 billion [[budget]] comes from endowment spending. This is not just a round number, but actually a legal requirement for a non-profit which maintains significant investments to keep its non-profit status.
 ==Performance==

← Older revision		Revision as of 05:13, 20 November 2012
Line 1:		Line 1:
−	Columbia's [[endowment]] is an approximately $6 billion portfolio of equities, commodities, fixed-income instruments, and cash equivalents. It is not a "slush fund" for spending, as it is mean primarily to serve as a long-term investment vehicle. On the other hand, it's not just a pile of money that serves no purpose but to grow each year either. It is managed by the [[Columbia Investment Management Company]].	+	Columbia's [[endowment]] is an approximately $8 billion portfolio of equities, commodities, fixed-income instruments, and cash equivalents. It is not a "slush fund" for spending, as it is mean primarily to serve as a long-term investment vehicle. On the other hand, it's not just a pile of money that serves no purpose but to grow each year either. It is managed by the [[Columbia Investment Management Company]].

	==Structure==		==Structure==