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Post by Pakachoag Phreek on Nov 4, 2022 7:22:53 GMT -5
Endowment lost about 4.5 percent in value, and as of Jun 30th, was just under $1 billion.
Ivy League schools:
Yale: increase of 0.9 percent Penn: flat Harvard and Cornell: drop of 1.3 percent Princeton: drop of 1.6 percent Dartmouth: drop of 3.1 percent Brown: drop of 4.6 percent MIT: drop of 5.3 percent Columbia: drop of 7.6 percent
BC, a drop of about 0.4 percent
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Post by WCHC Sports on Nov 4, 2022 8:18:20 GMT -5
A 4.5% drop (not speaking about the total dollars, just relative value) isn't terrible. Look at your 401k. It probably did much worse! The S&P 500 is down over 20% YTD.
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Post by newfieguy74 on Nov 4, 2022 8:29:00 GMT -5
A 4.5 % drop isn't surprising or alarming. Let's hope for a big bounce when the market stabilizes.
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Post by bison137 on Nov 4, 2022 13:21:36 GMT -5
A 4.5% drop (not speaking about the total dollars, just relative value) isn't terrible. Look at your 401k. It probably did much worse! The S&P 500 is down over 20% YTD. But the S&P 500 was down only about 4% for the fiscal year ending June 30th.
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Post by longsuffering on Nov 4, 2022 13:50:52 GMT -5
A 4.5% drop (not speaking about the total dollars, just relative value) isn't terrible. Look at your 401k. It probably did much worse! The S&P 500 is down over 20% YTD. But it was down only about 4% for the fiscal year ending June 30th. How did Bucknell do?
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Post by Pakachoag Phreek on Nov 4, 2022 16:17:28 GMT -5
But it was down only about 4% for the fiscal year ending June 30th. How did Bucknell do? Lafayette is the only other PL school to report, --nearly a 6 percent drop in value. (I didn't check AU or Loyola.) ---------------- And to clarify, the endowment value for most schools is for the fiscal year beginning July 1 [2021] and ending June 30 [2022].
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Post by sader1970 on Nov 4, 2022 17:09:06 GMT -5
And to think, one individual can exceed $1 billion with just 6 right numbers tomorrow night. Well, that's before taxes and if you string it out over years which I don't think anyone ever does but, hey, you never know. Bringing home $400+ million isn't bad. Remember, "you can't win if you don't play."
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Post by timholycross on Nov 5, 2022 10:26:51 GMT -5
A 4.5 % drop isn't surprising or alarming. Let's hope for a big bounce when the market stabilizes. Yeah, not a joke but not bad, considering.
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Post by sader1970 on Nov 6, 2022 14:02:24 GMT -5
No mention of this at PC dinner last night.
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Post by hcsaderfan on Nov 6, 2022 15:19:58 GMT -5
I'd be curious to see how the portfolio has done post-outsourcing the investment office and endowment management. For the better or for the worse?
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Post by Pakachoag Phreek on Nov 7, 2022 18:16:17 GMT -5
A 4.5% drop (not speaking about the total dollars, just relative value) isn't terrible. Look at your 401k. It probably did much worse! The S&P 500 is down over 20% YTD. But the S&P 500 was down only about 4% for the fiscal year ending June 30th. On June30, 2022, the S&P 500 was down about 12.5 percent from its value on July 1, 2021/
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Post by Pakachoag Phreek on Nov 7, 2022 18:19:17 GMT -5
I'd be curious to see how the portfolio has done post-outsourcing the investment office and endowment management. For the better or for the worse? Better. The endowment persistently underperformed compared to peer institutions during the tenure of the Chief Investment Officer, who resigned to take a position with a high school in Worcester. The endowment is now managed by the Investment Committee of the Board of Trustees.
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Post by longsuffering on Nov 8, 2022 1:00:38 GMT -5
In related news math SAT scores have dropped at that high school.
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Post by purplehaze on Aug 23, 2023 10:36:09 GMT -5
With the 990 discussion thread, I was thinking of another number (more relevant) as of June 30th that should be available soon - that's the state of the endowment I saw an article which stated that college endowments grew at an average of 8.7 pct for the period ending June 30th. With a more conservative approach we've regularly been behind such averages. Does Phreek or anyone know what the number is and if we've squeaked over the $1 billion mark ?
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Post by KY Crusader 75 on Aug 23, 2023 10:44:01 GMT -5
The NACUBO site had us at $993MM for FY 2022. Surely we broke the $1BN barrier for the year ended June 30, 2023
The S & P 500 grew by 16% from June 30, 2022 to June 30, 2023. I do know that HC has investments outside of US equities and, unfortunately, has an active management strategy rather than relying on index funds.
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Post by Pakachoag Phreek on Aug 23, 2023 16:32:58 GMT -5
Of those colleges and universities reporting as of August 10. median increase in endowment value was 8.7 percent.
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Post by hcpride on Aug 23, 2023 16:58:16 GMT -5
I guess a comparison to peer schools is most appropriate (but we have difficulty identifying peer schools). Maybe BC, Fordham and PC (since those are top application overlaps so the kids/parents lump us together) or maybe Colgate, Lafayette, Bucknell (same football league and also liberal arts FWIW) or Colby, Bates, Bowdoin (not sure why).
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Post by Pakachoag Phreek on Aug 25, 2023 7:01:24 GMT -5
I guess a comparison to peer schools is most appropriate (but we have difficulty identifying peer schools). Maybe BC, Fordham and PC (since those are top application overlaps so the kids/parents lump us together) or maybe Colgate, Lafayette, Bucknell (same football league and also liberal arts FWIW) or Colby, Bates, Bowdoin (not sure why). BC's endowment is well-managed, a legacy I think of Peter Lynch. The standard metric is endowment $ per student (all students) and applying that metric, HC is ahead of ALL other Jesuit colleges and universities, and second only to Our Lady of the Lake. (And a very distant second, at that.) HC behind Colgate, proximate to Lafayette and Bucknell. Way behind Bowdoin, behind Colby. Way ahead of Bates. The driving forces behind Bowdoin's endowment growth. One was an art history major at UNH.
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Post by newfieguy74 on Aug 25, 2023 7:52:07 GMT -5
Is there a number (endowment value per student) that is considered a threshold for good fiscal health, and beneath which a school might be in trouble? I spend some time in NH and recently learned that Colby-Sawyer College in New London has 885 students and an endowment of 52 million dollars. I thought, that's seems Ok, but I really don't know. How does one judge whether an endowment is enough?
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Post by Chu Chu on Aug 25, 2023 12:30:52 GMT -5
I guess a comparison to peer schools is most appropriate (but we have difficulty identifying peer schools). Maybe BC, Fordham and PC (since those are top application overlaps so the kids/parents lump us together) or maybe Colgate, Lafayette, Bucknell (same football league and also liberal arts FWIW) or Colby, Bates, Bowdoin (not sure why). BC's endowment is well-managed, a legacy I think of Peter Lynch. The standard metric is endowment $ per student (all students) and applying that metric, HC is ahead of ALL other Jesuit colleges and universities, and second only to Our Lady of the Lake. (And a very distant second, at that.) HC behind Colgate, proximate to Lafayette and Bucknell. Way behind Bowdoin, behind Colby. Way ahead of Bates. The driving forces behind Bowdoin's endowment growth. One was an art history major at UNH. What is "Our Lady of the Lake"?
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Post by hchoops on Aug 25, 2023 12:47:38 GMT -5
These recent posts would be better on a new thread, not this one from last year. Hopefully the title will be different
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Post by KY Crusader 75 on Aug 25, 2023 14:13:53 GMT -5
BC's endowment is well-managed, a legacy I think of Peter Lynch. The standard metric is endowment $ per student (all students) and applying that metric, HC is ahead of ALL other Jesuit colleges and universities, and second only to Our Lady of the Lake. (And a very distant second, at that.) HC behind Colgate, proximate to Lafayette and Bucknell. Way behind Bowdoin, behind Colby. Way ahead of Bates. The driving forces behind Bowdoin's endowment growth. One was an art history major at UNH. What is "Our Lady of the Lake"? University of Notre Dame I believe the official name of the school is in French “universite de Notre Dame du lac” which translates to our lady of the lake
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Post by Pakachoag Phreek on Aug 25, 2023 16:39:30 GMT -5
BC's endowment is well-managed, a legacy I think of Peter Lynch. The standard metric is endowment $ per student (all students) and applying that metric, HC is ahead of ALL other Jesuit colleges and universities, and second only to Our Lady of the Lake. (And a very distant second, at that.) HC behind Colgate, proximate to Lafayette and Bucknell. Way behind Bowdoin, behind Colby. Way ahead of Bates. The driving forces behind Bowdoin's endowment growth. One was an art history major at UNH. What is "Our Lady of the Lake"? From the history of Notre Dame Not trying to posthumously read Fr. Sorin's mind, but in the Arthurian legend, Excalibur is lifted out of the water by the raised arm of the Lady of the Lake, and given to Arthur. Excalibur, the sword can be traced to Welsh legends early 12th Century, where it was variously named Caliburnus, Caliburc.
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Post by sader1970 on Aug 26, 2023 6:07:56 GMT -5
Esteemed poster Phreek, has used this term with fairly great frequency, Chu.
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Post by KY Crusader 75 on Sept 21, 2023 13:18:41 GMT -5
Wikipedialists a $1.273BN endowment for HC--any confirmation of this? Assuming this is for June CY 2023??
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