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Pitt is now has the 25th largest endowment in higher education.
Pitt jumped Johns Hopkins for the 25th spot this year. Pitt was one of the few schools to have a positive return on its endowment.
Of course, this does not yet include Michael Bloomsberg's recent $350 million donation to JHU, and unknown chunk of which will be for endowments and likely will cause JHU to jump back over Pitt.
Here's the top 25 (in billions)...
1. Harvard $30.4
2. Yale $19.3
3. Univ Texas System $18.3
4. Stanford $17.04
5. Princeton $16.95 (this is by far the biggest endowment per student)
6. MIT $10.1
7. Michigan $7.69
8. Columbia $7.65
9. Texas A&M System $7.6
10. Northwestern $7.1
11. Penn $6.8
12. Chicago $6.6
13. Notre Dame $6.3
14. Univ California system $6.0
15. Duke $5.6
16. Emory $5.5
17. Washington Univ-St. Louis $5.2
18. Cornell $4.9
19. Virginia $4.8
20. RIce $4.4
21. USC $3.489
22. Dartmouth $3.486
23. Vanderbilt $3.40
24. NYU $2.8
25. PITT $2.6
yeah, it's nice to have that big endowment but do we use it? or if we do use it, is it effective?
Endowment disbursements account for 11.2% of Pitt's operating revenue. That compares to 7.3% for Commonwealth appropriations.
Does Pitt use it? Of course. Look at the strengths of the university. That is probably where most of the endowment is restricted.
This post was edited by CrazyPaco 14 months ago
Doesn't the old adage, "Use it, or lose it" apply to big endowments?
i've never heard of losing it? maybe that bobbit guy but i wouldn't say he "lost it" but rather there were cuts in his endowment. hopefully pitt doesn't suffer the same fate.
Paco, you're the best man, but I think that you missed the double entendre...lol
We don't use it to pay players. That might be a more effective use of it. Wait, did I say that outloud? Because really, isn't that what these schools are really about? Football??
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