PSU news by
Penn State's student blog

Topics

More

Penn State Endowment Loss is Small Potatoes

So for those of you that haven’t heard, we’re in a recession. This “extended decline in general business activity, typically two consecutive quarters of falling real gross national product” has caused the Penn State endowment to lose $300 million in value.

Now you may be saying, “$300 million certainly is a lot of money.” You’d be right, but that amount pales in comparison to the loss sustained by the Harvard endowment. As reported today, investment choices by those geniuses at the Harvard Management Company caused the endowment to lose $8 BILLION over the last four months, or 22% of its value! This statistic brings to mind many things.

For one, the amount lost by those boys up in Cambridge amounts to 6.15 times the size of Penn State’s ENTIRE ENDOWMENT of $1.3 billion. Second, the $8 billion was only 22% of the total value, meaning that before the downturn, the endowment stood at a staggering $36.9 billion. This sum is larger than the GDP of 104 countries! Thirdly Next, even weakened 22%, the Harvard endowment stands 22.23 times greater than the Penn State one.

It all makes you wonder, “Just what were those eggheads at Harvard thinking?” How could they lose 22% of their investments, while the Penn State endowment only lost 18.75%. So much for the Ivy League…

[IvyGate via NYT]

Your ad blocker is on.

Please choose an option below.

Sign up for our e-mail newsletter:
OR
Support quality journalism:
Purchase a Subscription!

About the Author

Eli Glazier

Eli is a junior majoring in International Politics. He enjoys paninis and books.

State College Links
Follow on Another Platform
113kFollowers
157kFollowers
54.9kFollowers
4,570Subscribers
Other posts by Eli

Senior Writes Final Column

Senior columns, with all their melodrama and platitudes, usually leave me eye-rolling and shaking my head with a vigor usually reserved for study abroad blog posts. But, as I graduate a week from today, I figured I should give it a go myself. Rather than discuss the origins of Onward State like Evan,  I’d just like to briefly thank a few individuals who have defined my Penn State experience.

Speakers Released, Collective “Who?” Uttered

Onward Debates: Private State University

State Representative Introduces Amendment To Require Penn State To Report Location Of Joe Paterno Statue

If ratified, the amendment would require Penn State to disclose the statue’s location and condition to the general public.

State Representative Introduces Amendment To Require Penn State To Report Location Of Joe Paterno Statue

If ratified, the amendment would require Penn State to disclose the statue’s location and condition to the general public.

Penn State Football Announces New Jersey Numbers For 2022 Season

Nittany Lions old and new have received new jersey numbers ahead of the 2022 season.

Penn State Athletes & Designs We Want To See On Trading Cards

We think Nittany Lions like Makenna Marisa and Parker Washington are more than deserving of their own trading cards.

 
Send this to a friend