Princeton Endowment may fall by 30 percent - Chetan Narain, Dailyl Princetonian

Revised projections that the University endowment will lose 30 percent of its value by the end of this fiscal year have forced administrators to cut next year’s budget by $88 million, President Tilghman announced in an e-mail to the campus community Monday morning. The value of the endowment is now expected to decline from $16.4 billion on June 30, 2008, to roughly $11.5 billion by June 30, 2009. The decline will force the University to cut 6.8 percent of this year’s $1.3 billion operating budget for the fiscal year beginning July 1.