2020 Endowment Update

SFspidur

Spider's Club
Gold Member
May 5, 2003
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NACUBO has released its endowment update for 2020, and once again it's not great news for UR. Things were obviously all over the place with COVID impacts (increased expenses, reduced student revenue, lower gift income) and a rocky investment environment, but UR's endowment declined by 4.26% from June 30, 2019, to June 30, 2020, dipping to $2.41 billion.

UR slipped from 41st to 45th in the rankings, dropping behind Indiana, Boston U, Iowa, and Amherst. Iowa had a whopping 60% increase in its endowment due to a deal that saw them receive over $1 billion from investors taking over the university's utility system.

For schools with endowments of over $1 billion, the average performance was +2.5%, so we significantly underperformed our peers. Looking at those 114 institutions with over $1 billion, the only U.S. schools that performed worse than we did were #22 Rice (–4.89%), #37 Caltech (–4.63%), #77 Alabama (–6.56%), #97 Baylor Medicine (–7.68%), and #98 Saint Louis (–4.41%).

Hope we can find our footing under the leadership of McLean, who started January 1.

 
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32counter

Spider's Club
Apr 8, 2008
17,527
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Siesta Key,FL
UR endowment slightly affected by COVID-19 pandemic

David Hale has a succinct explanation as to effects on many differing factors on the endowment.

The new head of Spider Management has a challenge since his early 2021 start date.
Between us girls,I was hoping for the school to recruit a high level individual from the Yale Corporation to run things and which has a proven track record using David Swensen’s modeling techniques.

 

I-M-UR

Graduate Assistant
Mar 10, 2006
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Renaming Freeman Hall.......please stop giving these fools money.
 

spider fan

Spider's Club
Dec 4, 2003
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Guess Crutcher wants to "honor" the Republican Party (LOL) although many historic details are omitted from the school's writeup about John Mitchell, Jr.

In perhaps his most grandiose move Mitchell ran for Governor in 1921. As a part of a so-called "Lily Black" Republican ticket (an all African-American Republican party off-shoot) he ran an unsuccessful and controversial campaign for the highest office in the Commonwealth of Virginia. Other Black newspapers in Virginia (including the Journal and Guide of Norfolk) opposed his campaign because they felt it would split the Black vote. Mitchell was to lose the race, and there are those who claim that it came to haunt him the next year.

https://www.lva.virginia.gov/exhibits/mitchell/michlife.htm
 

Wood Hall

Star
Jan 26, 2015
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Renaming Freeman Hall.......please stop giving these fools money.
Pretty minor change.

Lakeside Hall was renamed when I was at UR. Pitt Field was relocated from its historical location. Barracks were torn down. Millhiser Gym was closed to daily student use. Life went on.
 

32counter

Spider's Club
Apr 8, 2008
17,527
5,916
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Siesta Key,FL
Yep.You got it.

Under the careful guidance of David Swensen,Yale’s endowment soared to $42.3 billion during the 2021 fiscal year,. The 40.2 percent return was the highest in two decades.
During the 2021 fiscal year, the endowment increased by $11.1 billion, up from $31.2 billion as of the end of the 2020 fiscal year. This year’s 40.2 percent return rate was the third highest since 1970, and vastly surpassed last year’s return of 6.8 percent. Over the ten-year period ending on June 30, 2021, Yale’s average annual endowment return was 12.4 percent.

Swensen’s team modeling more than assisted in guiding my New Haven high school to increase its endowment to $190.0M up from $140.0M the previous year.As a parent to existing and former students,Swensen’s financial navigating advise over the years has been recurringly “ invaluable“.

Yale’s peer institutions have also posted record-breaking return rates at similar or higher levels. Among other Ivy League universities that have posted their 2021 fiscal year return rates, Brown University returned 51.5 percent, Dartmouth College returned 46.5 percent, Cornell University returned 42 percent and the University of Pennsylvania returned 41.1 percent. Other schools whose 2021 return exceeded Yale’s include Washington University in St. Louis at 65 percent, Duke University at 55.9 percent and the Massachusetts Institute of Technology at 55.5 percent.
 
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