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Subject: Re: Harvard Throwing In The Towel on Endowment Management


Author:
IvyVoyeur
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Date Posted: 11:21:44 01/26/17 Thu
In reply to: Anthony 's message, "Harvard Throwing In The Towel on Endowment Management" on 14:19:16 01/25/17 Wed

This thread suggests the question again, when is a school fully endowed? How much is enough? I don't intend the question rhetorically, as a way of criticizing HYP's fundraising and endowment activities. I mean it as a real question. Is there a number that schools aim for? If not what would that number look like? Or is it just a matter of continually raising as much as possible in a never-ending quest? (For the vast majority of schools, fundraising won't end. They will never reach a saturation level. My question is directed at the prestige schools.)

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[> [> Subject: Re: Harvard Throwing In The Towel on Endowment Management


Author:
An Observer
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Date Posted: 11:57:08 01/26/17 Thu

What did Wallis Simpson say? "You can never be too rich or too thin."

With our increased understanding today of anorexia, I think insightful Wallis might revise her comment to the more recent and more focused observation, "Everybody needs money. That's why they call it money."

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[> [> Subject: Re: Harvard Throwing In The Towel on Endowment Management


Author:
joiseyfan
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Date Posted: 17:28:32 01/26/17 Thu

Actually, a very sensible question. Princeton, for example, uses 5-6% of its endowment toward its annual budget. So, to vastly oversimplify, if the endowment reached 20x the annual budget, they'd be effectively fully funded, at least for the time being.

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[> [> [> Subject: Re: Harvard Throwing In The Towel on Endowment Management


Author:
Calvin
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Date Posted: 11:36:25 01/27/17 Fri

5% of the endowment principal, or of the income?

Spending principal is not usually a viable long-term approach.

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[> [> [> [> Subject: Re: Harvard Throwing In The Towel on Endowment Management


Author:
joiseyfan
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Date Posted: 15:43:06 01/27/17 Fri

Principal. Look it up.

If the major institutions continue to horde funds, the Feds are liable to require them to spend more than that if they want to remain tax exempt.

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