Still in it according to U.S. News, although no one should be happy with #23. Considering what the university has weathered over the last 10+ years that is pretty amazing. Then again, it is unclear whether the rankings ever bore a strong correlation to what is actually going on at these institutions. One piece of good news is that the magazine lists our endowment as $744,003,000. That's the largest # I've seen for it since 2001 when it was just under $800k. That said, it is 1/4 of where is needs to be for GU to competes with its peers. Top institutions of GU's size have endowments ranging from $2-3 billion. I have no idea of how we get from here to there. At least we have stopped the negative endowment growth and have hired a Chief Investment Officer to run the thing properly. A report in the Chronicle a while back said that GU was going to start more risky investing (highly yeild stuff). The (very successful) Yale model is to put 1/4 of the endowment in such investments -- with so little to lose it seems like a reasonable strategy . . . .
1 comment:
Diamond, do you have any idea what our rankings have been each year since we graduated? My memory is failing me in my old age.
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