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Thursday, January 28, 2010

College endowments shrink; Temple lost least of Big 5

The National Association of College and University Business Officers and Commonfund Institute has put out their yearly list of nearly 900 college endowments, and how much they changed in value during fiscal year 2009.

Almost all the colleges lost money, due to bad investments, a drop in donations, and spending in excess of income. Some of the investment losses have been reversed in the recent stock market recovery, but NACUBO expects it'll take years to recover from colleges' worst financial performance since the 1930s Depression.

Here’s how selected PA, NJ, DE schools faired, vs. national averages. Generally, small schools lost less than big ones.

US median: -17.9%    US average: -23%    Italics = below median     Bold = gain

Schools / Endowment at end of fiscal 2009 / Change from fiscal 2008
Princeton University / $12.6 billion / -24.8%
University of Pennsylvania / $5.2 billion / -16.8%
University of Pittsburgh / $1.8 billion / -21.3%
Penn State / $1.2 billion / -20.7%
Swarthmore College / $1.1 billion / -20.1%
University of Delaware / $1 billion / -24.8%
Lehigh University / $886 million / -21.4%
Carnegie Mellon University / $754 million / -29.4%
Rutgers University / $545 million / -14.8%
Lafayette College / $536 million -21.5%
Bucknell University / $443 million / -20.2%
Drexel University / $408 million / -25.5%
Haverford College / $336 million / -35.5%
Villanova University / $237 million / -21.8%
Franklin and Marshall College / $249 million / -25.9%
Dickinson College / $245 million / -20.5%
Academy of the New Church / $230 million / -24.1%
Temple University / $210 million / -11.4%
Gettysburg College / $193 million / -25.3%
Drew University / $171 million / -28%
Seton Hall University - $148 million / -27.3%
Stevens Institute / $136 million / -17.3%
Curtis Institute / $130 million / -25%
Saint Joseph’s University / $125 million / -17.9%
University of the Sciences in Philadelphia / $113 million / -22.1%
Messiah College / $100 million / -22%
University of Scranton / $95 million / -15.7%
Philadelphia Osteopathic / $90 million / -21.3%
Ursinus College / $84 million / -$19.2%
Grove City College / $84 million / -25.3%
Susquehanna University / $83 million / -29.6%
Widener University / $58 million / -28.9%
La Salle University / $55 million / -26.1%
De Sales University / $34 million / -21.9%
University of the Arts / $25 million / -2.2%
Philadelphia University / $18 million / -26.2%
Delaware Valley College of Science and Agriculture / $15 million / -21.1%
Neumann University / $13 million / +1%
West Chester University / $12 million / -14.4%
Peirce College / $12 million / -16%

SOURCE: National Association of College and University Business Officers and Commonfund Institute
 
Posted by Joseph N. DiStefano @ 10:06 AM  Permalink | 2 comments
Comments   
  • 0 like this / 0 don't   •   Posted 12:41 PM, 01/28/2010
    Joe --- it's NACUBO, not NABUCO
    — UncleEddie
  • Comment removed.


2 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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