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Harvard Reports Endowment Gain of 21.4% for 2011

September 23, 2011, 12:47 am

Harvard University’s endowment earned an investment return of 21.4 percent and was valued at $32-billion at the end of its 2011 fiscal year, the Harvard Management Company said in an annual report released on Thursday. That gain brings the fund’s value closer to the high of $36.9-billion it reached before he market crash of 2008. The report does not reflect the market volatility that has occurred since the fiscal year ended, on June 30. But Jane L. Mendillo, the management company’s president and chief executive officer, says in the report that even with that volatility, “we are confident that our portfolio, while impacted by adverse markets, is well positioned to support Harvard’s mission.”

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  • Guest

    Yuppie scum.

  • 22081781

    And the rich get richer and the poor get poorer …..

  • dwlang

    I’m certain a good portion of this money will support an increasing percentage of highly qualified, low income students who are first in their families to attend college. Imagine.  

  • katisumas

    Actually, Harvard does make up for the difference in financial aid and their tuition.  It will take the best of public high schools grads, regardless of their family’s income. Harvard and other expensive private institutions will make up the difference between federal financial aid and their own tuition (financial aid is limited to the amount of tuition of in state public instititutions).

    So yes, some of its students are the first in their families to attend college. Harvard has done this since the sixties.. It’s a win win situation for Harvard and other prestigious private institutions: they get the wealthy and they also get the smartest, which of course helps them maintain their prestige.

    If you were a brilliant high school student and were not advised to apply at Ivy League schools, your school counselor didn’t do her/his job. It’s also possible that you didn’t think to ask them because you didn’t know and your parents didn’t know. This is where a student whose parents have not gone to college themselves is at a grievious disadvantage.

    SO I have two questions for you:

    1. Are you supporting politicians who want to cut down or totally eliminate financial aid for low income students (often those who are first in their families to attend colllege)?

    2. Harvard’s endowment which has grown through gifts is peanuts compared to what our financial elite is making.  If Harvard endowment (including donations) has grown so much, can you imagine how much money multi-millionaires and billionaires are making out of the Wall Street turmoil?  Do you agree with them hardly paying taxes or not at all by putting their money offshore? ( Or by donating it to Harvard? Obama’s call for job creations also calls for putting some sort of reasonable limits to these sort of tax free donations.)

    They say knowledge is power. This means ignorance equals powerlessness. This ignorance seems to work towards the further downfall of the American middle class, so many of whose members are heading for the cliff and actually supporting and thanking the people who are driving them there….

  • katisumas

    I guess it’s ok for billionaires and international corporations to benefit from low taxes and some of them (oil corporations) from actual subsidies from the government, but not ok for an endowment fund which is growing in parts through donations  to make money? 

    Why do Teapartiers such as you object to fixing any tax loopholes and doing away with subsidies to oil billionaires and fake multi-millionaire farmers.  You know those “”farmers”" who buy some farm lands and keep one or two cows on it to get millions in govt. checks every years for not growing crops on their fake farm?  Your guru Michelle Bachman,  even as she is railing against “big government:” and working to cut down or eliminate nutrition programs for pregnant women and babies, is getting half a million every year from the govt to not grow crops on her pseudo farm…  Add all that fake farm subsidiy money and we, supposedly the richest country in the world, would still be able to provide healthy nutrition for our babies and–gasp– even access to health care, and perhaps move up from our 39nth slot  in the world in rates of miscarriages and infant deaths?

    In case you didn’t know, the farm subsidy program was an FDR program aimed at helping small farmers survive by stabilizing crop price.  It did this by limiting production –but of course now most small farms have been taken over by banks  and consolidated into either agricorporations and/or pseudo farms like the Bachmans of this country are doing.  Similarly the rationale for the  original oil companies (they were not corporations then!) subsidies was to fund explorations by individual for oil.  Of course our international mega oil corporations no longer need those subsidies but you and I are still paying for them, even as we are getting gouged at the gas pump.  Don’t ask me  why we are subsidising ethanol production.  Putting food in gas tanks while so many starve is an atrocity.

    R.O.P. Lopez (aka “Robert Oscar Lopez” aka “Cocorico”), you’re a patsy!

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