Word: endowmentã
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Jack R. Meyer, president and CEO of the Harvard Management Corporation (HMC)—the group in charge of managing Harvard’s endowment??€”attributed Harvard’s above-average growth to the diversity of its portfolio...
Charlesbank made the decision to invest in Aurora Organic Dairy independent of the Harvard Management Corporation (HMC)—the arm of the University responsible for investing Harvard’s $19.3 billion endowment??€”and the deal included some non-Harvard money...
Vice President for Finance Ann E. Berman wrote in an e-mail that the unexpected increase was prompted mainly by the endowment??€™s strong fourth-quarter performance last year. The endowment soared 12.5 percent from $17.5 billion last July to a record $19.3 billion this July, but it remains 11 percent short of its real peak at $19.1 billion in the 2000 Fiscal Year...
...major renovations in their buildings every few years; their carpet is clean, their bathroom tiles are whole and the paint on their walls isn’t peeling off. That’s funny, Dartboard doesn’t remember hearing about Wellesley’s $18 billion endowment??€¦must not have been paying attention...
Shore notes that in the long term, the University aims to spend 4.5 to 5.5 percent of the endowment??€™s market value annually...