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(Some Guy)   Duke's endowment sees record gain in latest year, although "record gain" and "endowment" are rarely associated with Duke Sucks   (bloombergquint.com) divider line
    More: Followup, Finance, Investment, Washington University, average value of endowment funds, Higher education institutions, Higher education, previous calendar years, University  
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152 clicks; posted to Business » on 27 Sep 2021 at 3:05 PM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-09-27 3:38:06 PM  
Much like Harvard, it appears to be a private equity fund masquerading as a non profit college.
 
2021-09-27 4:32:00 PM  

mcreadyblue: Much like Harvard, it appears to be a private equity fund masquerading as a non profit college.


You're cute.

Now be quiet; grownups are talking.
 
2021-09-27 5:00:35 PM  
VTI had a 46 percent return during the same period. I'm curious how much Duke paid in fees for its investments and its investment manager.
 
2021-09-27 5:09:19 PM  

mcreadyblue: Much like Harvard, it appears to be a private equity fund masquerading as a non profit college.


Why shouldn't non-profit endowments attempt to earn the best possible returns?

The real question is what they're doing with the returns - how much is going out of the endowment into financial aid?
 
2021-09-27 5:54:10 PM  

thornhill: mcreadyblue: Much like Harvard, it appears to be a private equity fund masquerading as a non profit college.

Why shouldn't non-profit endowments attempt to earn the best possible returns?

The real question is what they're doing with the returns - how much is going out of the endowment into financial aid?


The story goes that Duke could operate tuition free for 50 years on that endowment, so my guess is very little goes to financial aid.
 
2021-09-27 6:07:13 PM  
They are another boat floated by the insane prices of the stonk market.

They could easily give it all back if everything tanks.
 
2021-09-27 7:50:47 PM  

WhackingDay: thornhill: mcreadyblue: Much like Harvard, it appears to be a private equity fund masquerading as a non profit college.

Why shouldn't non-profit endowments attempt to earn the best possible returns?

The real question is what they're doing with the returns - how much is going out of the endowment into financial aid?

The story goes that Duke could operate tuition free for 50 years on that endowment, so my guess is very little goes to financial aid.


But most of the money is earmarked. And it's not just mega donations. Lots of universities will let you create a scholarship fund with as little as $20k (and they encourage it because people are way more willing to give to something named after them than the "annual fund" - my college pushes it all the time, talking about how I can make payments over 5 years). The principle goes into the endowment, it can never be touched, and 4 or 5 percent comes out a year for scholarships.
 
2021-09-27 8:10:46 PM  
They cornered the Frozen Concentrated Orange Juice market.
 
2021-09-27 8:30:08 PM  

thornhill: WhackingDay: thornhill: mcreadyblue: Much like Harvard, it appears to be a private equity fund masquerading as a non profit college.

Why shouldn't non-profit endowments attempt to earn the best possible returns?

The real question is what they're doing with the returns - how much is going out of the endowment into financial aid?

The story goes that Duke could operate tuition free for 50 years on that endowment, so my guess is very little goes to financial aid.

But most of the money is earmarked. And it's not just mega donations. Lots of universities will let you create a scholarship fund with as little as $20k (and they encourage it because people are way more willing to give to something named after them than the "annual fund" - my college pushes it all the time, talking about how I can make payments over 5 years). The principle goes into the endowment, it can never be touched, and 4 or 5 percent comes out a year for scholarships.


Thanks for posting this. Too many people (people who were only ever undergrads at a university) have no clue how things work and think an endowment is just a big saving account.
 
2021-09-28 5:14:47 AM  

thornhill: VTI had a 46 percent return during the same period. I'm curious how much Duke paid in fees for its investments and its investment manager.


That's be a sweet gig. Even collecting <1% of that account would be righteous bucks.Plug funds into VTI and similar, hit the Hamptons.
 
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