Tuesday, July 29, 2014
Inquirer Daily News

College endowments seeping cash

Spending, fees, investment losses outweigh new donations

College endowments seeping cash

The typical North American college endowment fell by $1.80 in fiscal 2012, for every $100 it controlled a year earlier, as spending, fees and investment losses grew faster than donations and investment gains, say the National Assocation of College and University Business Officers and Commonfund Institute, in their yearly ranking of 843 college endowments, from Ivy League powers to community institutions.

The three largest U.S. college endowments are at Harvard University, at $30.4 billion, down 4.1%; Yale, $19.3 billion, down 0.1%; and the University of Texas, $18.3 billion, up 6.5%.

Philly-area college endowments:

5. Princeton: $16.95 billion, down 0.9%

11. Penn: $6.75 billion, up 2.6%
36. Penn State: $1.78 billion, up 3.2%
47. Swarthmore: $1.49 billion, down 0.6%
67. Delaware: $1.09 billion, down 4.4%
69. Lehigh: $1.04 billion, down 3.9% [corrected]
86. Princeton Theological: $868 million, down 5.1%
102. Rutgers: $694 million, down 0.7%
115. Bryn Mawr: $645 milion, down 3.8%

126. Bucknell: $599 million, up, 4.1%
137. Lafayette: $557 million, down 0.5%
138. Drexel: $555 million, up 5.7%
175. Haverford: $388 million, down 3.8%
181. Villanova: $366 million, down 1.1%
220. Franklin & Marshall: $285 million, down 6%

223. Temple: $277 million, down 1.2%
285. Philadelphia Osteopathic: $101 million, up 11.5%
294. St. Joseph's: $169 million, down 2.5%
327. University of the Sciences in Philadelphia: $148 million, down 4%
396. Ursinus: $105 milion, down 3.9%
474. Widener: $73 million, down 7.7%
477. LaSalle: $72 million, down 3.4%
555: Arcadia: $53 million, down 4.6%
652. Delaware Valley College, $33 milion, down 3.8%
708. Philadelphia University: $23 milion, down 2.3%

710. Neumann: $22 million, up 2.4%
715: West Chester: $22 million, up 2.9%

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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