Oh thank God.

I’ve been worried sick they wouldn’t break fifty billion.


Truly, these are the times that try men’s souls.

For each of us, there comes a moment when the full horror of our new situation suddenly hits like a thunderbolt.

This was UD‘s.

When your endowment struggles to break forty billion…

you can be forgiven for special admissions procedures for the children of big donors.

“At Yale … the endowment … grew to $27 billion in the 2017 fiscal year. Harvard’s endowment …stood at $37 billion. The size of some of the endowments suggests that they could weather a 1.4 percent tax on earnings.”


Harvard, the John Martin of Universities…

…[see post directly below this one] still duns you.

Just a few weeks ago Harvard received the largest donation in the college’s history [which adds significantly to its current endowment of close to thirty-five billion dollars], but recent Harvard grads are nevertheless still getting [donation] requests.

Head Start Heads to Harvard

From the Princeton University newspaper’s blog:

Friday morning of Fall Break, emissaries from Princeton University tapped into the spirit of the season early when they dispensed hot oatmeal to students in and around Harvard Yard. After losing 27% of its endowment, Harvard had ceased serving hot breakfasts to its students as a cost-saving measure.

The volunteers, all students belonging to Princeton’s humor magazine, The Princeton Tiger, used their fall recess to drive to Cambridge in order to help their less fortunate peers. “Everyone’s hurting in this economy,” said Steven Liss, Chairman of The Tiger. “But Harvard’s endowment shrunk from $37 billion to scarcely $26 billion– they’ve lost more than anyone in these tough times.” A Massachusetts native, Liss cited concern over the coming winter. “Harvard’s our rival, but we hate to think of them having to get by on only continental breakfasts…”


From the Harvard Crimson’s blog. A headline:


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