Semi-OT: 2012 Endowment = $853M

[bonwich]

87th in the country, down 3.1% for FY2012 (mean = -0.3%)

Tables:

http://www.nacubo.org/Documents/research/2012NCSEPublicTablesEndowmentMarketValuesRevisedFebruary42013.pdf

[wgstl]

I still cant get over the fact that richmond has nearly 2 billion

[Box and Won]

Biondi said he'd retire if the endowment were to hit $1 billion. Anyone got $147 million to donate?

Also, the S&P 500 gained 13 percent in 2012; what investments does the endowment hold?

[MusicCityBilliken]

87th in the country, down 3.1% for FY2012 (mean = -0.3%)

Tables:

http://www.nacubo.org/Documents/research/2012NCSEPublicTablesEndowmentMarketValuesRevisedFebruary42013.pdf

With the S&P 500 going up 13% for 2012 I was surprised ours and so many others went down.

Also, wasn't SLU's endowment up over 1B a decade ago?

[MusicCityBilliken]

Also, the S&P 500 gained 13 percent in 2012; what investments does the endowment hold?

maybe they need a new investment counselor

[Box and Won]

I still cant get over the fact that richmond has nearly 2 billion

Grinnell College has nearly $1.4 billion, which is also pretty amazing.

[Westy03]

<blockquote class='ipsBlockquote'data-author="Box and Won" data-cid="340682" data-time="1360175642"><p>

Biondi said he'd retire if the endowment were to hit $1 billion. Anyone got $147 million to donate?<br />

<br />

Also, the S&P 500 gained 13 percent in 2012; what investments does the endowment hold?</p></blockquote>

Was thinking the same thing but a number of schools endowment went down which is interesting.

I think in 06-07 SLU had an endowment of just over a billion. Then 08 hit.

[Box and Won]

Xavier is only five spots ahead of St. Louis College of Pharmacy.

[bonwich]

The calculation is for FY, which I think skews it in a head-to-head with the S&P. As point of reference, the FY2011 increase was something like 19 percent. Plus, the delta is total change, not return, so it includes withdrawals to fund capex and operating expenses.

The percentage change values listed for the participating institutions DO NOT represent the rate of return for the endowments’ investments. Rather, the percentage change in the market value of an endowment from FY 2011 to FY 2012 reflects the net impact of:

1) withdrawals to fund institutional operations and capital expenses;

2) the payment of endowment management and investment fees;

3) additions from donor gifts and other contributions; and

4) investment gains or losses.

[kshoe]

With the S&P 500 going up 13% for 2012 I was surprised ours and so many others went down.

Also, wasn't SLU's endowment up over 1B a decade ago?

This is the key from the article:

The percentage change values listed for the participating institutions DO NOT represent the

rate of return for the endowments’ investments. Rather, the percentage change in the market

value of an endowment from FY 2011 to FY 2012 reflects the net impact of:

1) withdrawals to fund institutional operations and capital expenses;

2) the payment of endowment management and investment fees;

3) additions from donor gifts and other contributions; and

4) investment gains or losses.

[kshoe]

Plus, as Bonwich pointed out this is from June 30, 2011 to June 30, 2012, a period in which the S&P returned 5.5%.

[bonwich]

This is the key from the article:

The percentage change values listed for the participating institutions DO NOT represent the

rate of return for the endowments’ investments. Rather, the percentage change in the market

value of an endowment from FY 2011 to FY 2012 reflects the net impact of:

1) withdrawals to fund institutional operations and capital expenses;

2) the payment of endowment management and investment fees;

3) additions from donor gifts and other contributions; and

4) investment gains or losses.

Great minds, kshoe. Great minds.

[Westy03]

Thanks for the info Kshoe

[jimbofive]

Grinnell College has nearly $1.4 billion, which is also pretty amazing.

Got Grambling and Grinnell confused for a second. I guess this video is pretty much worthless now.

[willie]

With the S&P 500 going up 13% for 2012 I was surprised ours and so many others went down.

Also, wasn't SLU's endowment up over 1B a decade ago?

Yes. Pre 08 and before tennent healthcare crashed.

[showthebill]

I still cant get over the fact that richmond has nearly 2 billion

Richmond is a damn good school. I think I saw their business school ranked in the top twenty last year.

Good business school I would assume means more donations

[davidnark]

According to the SLU VP's, "investment returns have been solid during challenging economic times — our endowment has increased to $930 million — and our financial ratings are among the highest in the nation".

http://www.stltoday.com/news/opinion/mailbag/letters-to-the-editor/faculty-members-misrepresent-the-work-of-slu-administration/article_a8aba6a4-795c-5bf4-9168-5014ce4cefe0.html

[bonwich]

According to the SLU VP's, "investment returns have been solid during challenging economic times — our endowment has increased to $930 million — and our financial ratings are among the highest in the nation".

http://www.stltoday.com/news/opinion/mailbag/letters-to-the-editor/faculty-members-misrepresent-the-work-of-slu-administration/article_a8aba6a4-795c-5bf4-9168-5014ce4cefe0.html

Given that the number released publicly to NACUBO was $853M, that statement lacks a certain amount of context.