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Engraving of Harvard College by Paul Revere, 1767. Harvard University's endowment was valued at $53.2 billion as of 2021. [1]A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. [2]
A key provision of UPMIFA states that: "Subject to the intent of a donor expressed in the gift instrument an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, and duration for which the endowment fund is established. [7]
The successful management of Stanford's endowment by SMC has significantly impacted the university. It has provided critical funding for scholarships, faculty positions, research projects, and campus infrastructure, enhancing Stanford's ability to attract top talent and remain at the forefront of academic and scientific innovation.
Yusko left UNC to found Morgan Creek Capital Management in 2004. [1] In 2004, Morgan Creek Capital Management, LLC partnered with Salient Partners LP to start The Endowment Fund. After reaching about $3.5 billion in assets, Yusko served as chief investment officer for the Fund until January 2013, when Yusko was removed for poor fund performance ...
Trust funds are earmarked for specific programs and purposes in accordance with a statute that designates the fund as a trust. Its statutory designation distinguishes the fund as a trust rather than a special fund. The Highway Trust Fund is an example of trust funds. [51]
David Frederick Swensen (January 26, 1954 – May 5, 2021) was an American investor, endowment fund manager, and philanthropist.He was the chief investment officer at Yale University from 1985 until his death in May 2021.
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The endowment value is a rounded estimate measured in United States dollars, based on the exchange rates on December 31, 2020. [2] Due to fluctuations in holdings, currency exchange and asset values, this list only represents the valuation of each foundation on a single day.