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Post by Pakachoag Phreek on Oct 8, 2021 6:50:47 GMT -5
In 2016, Forbes produced a table ranking the top 200 colleges in terms of alumni generosity. The table was titled 'Grateful grads'. Two values were used, and weighted. One value was percentage of alumni who donate. (HC ranked #52, dragged down because the ten year median donation per student was lower than many schools who received large $ gifts.) Schools with alumni donation percentages that are significantly less (10 or more percentage points less) than Holy Cross' 45% Yale 32% Duke 29% Stanford 28% Notre Dame 35% Brown 26% MIT 24% UPenn 22% Harvard 19% Rice 24% Cornell 20% Vanderbilt 19% Wake Forest 20% Columbia 14% @ #46 Tufts 17% @ #59 Johns Hopkins 9% BC 20% @ #83 Univ of Miami 10% Richmond 17% RPI 9% Georgetown 12% WPI 11% Fairfield 12% (ranked #170) Villanova 20% (ranked #185) Syracuse 7% PL rankColgate #32 Lafayette #48 HC #52 Bucknell #76 Lehigh #92 Boston Univ #152 (American and Loyola MD appear not to be ranked. One college at #172 has a corrupted name. Fordham also not ranked.) www.forbes.com/sites/schifrin/2016/07/06/2016-grateful-grad-colleges-the-top-200-show-me-the-money-schools/?sh=436b463d4f0e[/ur;]
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Post by princetoncrusader on Oct 8, 2021 8:24:39 GMT -5
Interesting article. Thanks for sharing. I wonder if the editors plan on coming out with an updated version.
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Post by KY Crusader 75 on Oct 8, 2021 9:13:53 GMT -5
One thought- the "median donation per student" would not be affected by one or a few donors giving very large gifts. The "mean" would be affected greatly but the median only a tiny bit by someone giving, say, $5MM.
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Post by Pakachoag Phreek on Oct 8, 2021 13:30:30 GMT -5
One thought- the "median donation per student" would not be affected by one or a few donors giving very large gifts. The "mean" would be affected greatly but the median only a tiny bit by someone giving, say, $5MM. I believe the measure is median donation per student, not median donation. The average donation per student is calculated annually over a 10 year period, with the median calculated from the average donation per student in each of the ten years (ten values). The highest median donation per student is Cal Tech @ $53,000 HC is at $7,800 BC is at $6,800 Georgetown at $4,700 Villanova at $2,700
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Post by Pakachoag Phreek on Oct 9, 2021 8:59:58 GMT -5
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Post by KY Crusader 75 on Oct 9, 2021 11:26:12 GMT -5
Wash U should take the enormous gain and move to index funds and realize that it need never worry about $$$ again.
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Post by princetoncrusader on Oct 12, 2021 10:10:30 GMT -5
Per one of the trade publications, BC's endowment posted a total return of 46% for the FYE 6/30. Total value now equals $3.8 billion.
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Post by Pakachoag Phreek on Oct 12, 2021 13:23:38 GMT -5
Per one of the trade publications, BC's endowment posted a total return of 46% for the FYE 6/30. Total value now equals $3.8 billion. BC has about 5x the number of students as HC, so HC is still ahead on an endowment $ per student basis.
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Post by nycrusader2010 on Oct 12, 2021 19:29:30 GMT -5
Yawn.
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Post by princetoncrusader on Oct 12, 2021 20:19:25 GMT -5
I find these return figures from the various schools quite interesting, but then I am an investment professional. There is also a strong correlation between the size of the endowment, in absolute terms and on a per student basis, and the academic quality of the institution. A large endowment benefits the athletic programs as well, as is abundantly clear from the performance of the Ivy and NESCAC schools. Princeton is now working on endowing assistant coaching positions. HC could surely use a few endowed coaching positions.
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Post by Pakachoag Phreek on Oct 13, 2021 7:16:24 GMT -5
If HC's $250 million increase in endowment value in fiscal 2021 were to remain level for fiscal '22, '23, and '24, by fiscal '24, that $250 million would contribute $11.5 million annually to the operations of the college.
I read this paragraph from the by-laws of the Corporation that the Investment Committee is now making the investment decisions. And for good measure,
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Post by princetoncrusader on Oct 13, 2021 13:52:50 GMT -5
Rather odd for a school with a $1 billion endowment not to have a CIO. BTW, Dartmouth posted a 46.5% return for the fiscal year just ended. HC's return is looking decidedly mediocre.
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Post by KY Crusader 75 on Oct 13, 2021 15:03:06 GMT -5
Rather odd for a school with a $1 billion endowment not to have a CIO. BTW, Dartmouth posted a 46.5% return for the fiscal year just ended. HC's return is looking decidedly mediocre.What was HC's final number?
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Post by Pakachoag Phreek on Oct 13, 2021 17:42:31 GMT -5
Rather odd for a school with a $1 billion endowment not to have a CIO. BTW, Dartmouth posted a 46.5% return for the fiscal year just ended. HC's return is looking decidedly mediocre.What was HC's final number? Not published yet. But likely between $1.025 and $1.035 billion. Median for 2021 for the schools with large endowments is about 27 percent, so HC is above the median. One needs to be careful because a 45 percent ROI does not equate to an increase in endowment value of 45 percent. A university with a $10 billion endowment would distribute about $450 million of that value for use in operating the university, and that subtracts from the value. Annual contributions to the endowment add to the endowment value, but in most years contributions are less than the distribution. This article why the richest have done spectacularly well. www.insidehighered.com/news/2021/10/01/wealthy-colleges-see-double-digit-returns-fiscal-2021
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Post by princetoncrusader on Oct 13, 2021 18:56:36 GMT -5
Preliminary return figures for HC was 35%. Awaiting finalization of some PE marks.
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Post by matunuck on Oct 13, 2021 19:03:45 GMT -5
Wait to Worcester officials hear about the billion dollar mark — cha-ching
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Post by longsuffering on Oct 13, 2021 21:07:45 GMT -5
Wait to Worcester officials hear about the billion dollar mark — cha-ching Any city that can build the most expensive minor league ballpark in history does not need a handout from a small college like Holy Cross. But of course they think that people who donate to Holy Cross really want to give that money to the city but don't know the address of city hall. I never got the PILOT hue and cry. Look at the city of Lawrence, MA that has no colleges (may have a community college). Several years ago they were close to luring Emerson College away from congested Boston with huge financial incentives, but Emerson came to their senses. Worcester already has colleges, they don't need to poach any from other cities but they are never happy to just obey the law that says non-profit educational institutions do not pay property taxes.
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Post by Pakachoag Phreek on Oct 14, 2021 13:31:39 GMT -5
HC, with a 35 percent increase in endowment value, would beat Harvard, Harvard's endowment value increased 27 percent; the ROI was 33.6 percent. ____________
I should add that in fiscal 2009, Harvard's endowment lost $11 billion in value, with an -27.3 percent ROI.
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