Should Universities Spend More From Their Endowments?
It’s the first question during a crisis. Given unprecedented disruption, some schools are starting to increase payouts from their troves.
Tag: University
Alternatives
Student Housing Investment Remains Uncertain, S&P Says
Some pension funds and other institutions have taken big positions in the segment.
Asset Management Culture
Harvard Says It’s Not Planning Layoffs, But Offers Early Retirement Packages
Other cost-saving proposals at endowment champ: voluntarily reduce vacation time or work hours.
Risk
Georgetown University Student Demands Tuition Refund for COVID Losses
The school has reaped ‘millions of dollars’ in tuition fees after switching to online classes, despite boasting a $1.8 billion endowment, suit says.
Coronavirus - COVID-19
After Turning Down Stimulus, Northwestern Taps Endowment
The university will draw from its investments, furlough employees, and cut retirement contributions.
Asset Management Culture
Harvard Forecasts Big COVID-19-Related Losses and Enters Cost-Saving Mode
University projects a $750 million revenue shortfall in FY21 in light of the economic fallout of the coronavirus.
Asset Management Culture
Oxford University Bans Fossil Fuel Investments
The endowment’s allocation to the energy sector has already been significantly reduced to 2.6% of its portfolio.
Asset Management Culture
Too Rich to Need It? Top Colleges Back Away from US Virus Money
Harvard, Penn, Yale act after Trump administration says subsidies should go to less wealthy institutions.
Asset Allocation
Texas Episcopalians Will Pay $13 Million in Racial Reparations
Compensating descendants of slaves is controversial, but the idea has gained traction in recent years.
Asset Management Culture
At Ivy League Endowments, Performance Dragged Down by Managers’ Picks
Private equity had a good year, but individual selections of stocks and other assets hobbled overall showing, report says.
Alternatives
Pushing for New Donors, Columbia Is Building a Climate School
The university made sweeping commitments to sustainability, including a carbon neutral pledge for 2050 and the appointment of a chief climate officer.
Asset Allocation
Georgetown Is Latest University Pledging to Unload Fossil Fuels—Someday
The Jesuit school said it will get rid of energy stocks over 10 years.
How Smaller Endowments, Shut Out of Razzle-Dazzle Investments, Make Do
They usually aren’t wealthy enough to land high-powered private equity or hedge fund investments. So they turn elsewhere.
Risk
University Endowments Gain 5.3% in 2019
However, the average 10-year return beat long-term objectives for the first time in a decade.
Asset Allocation
Fossil Fuel Divestment Yields ‘No Discernible Effect’ on Endowments
But study also finds divestment has no adverse effects on university portfolios.