America's richest universities — including Harvard — brace for budget hits as endowments stumble - Craig M. Douglas, Boston Business

It wasn't the Great Recession, but the early investment returns coming in from America's most prestigious and deep-pocketed colleges indicate that fiscal 2016 will go down as one of the worst performance periods for endowments in recent memory. An American City Business Journals analysis of endowment returns at 25 private, nonprofit schools with some of the largest investment portfolios in the country found that all but one — Boston University — saw a year-over-year decline in value. Cumulatively, those 25 endowments shed 4 percent, or $5.3 billion, of their value during the most-recent reporting period. http://www.bizjournals.com/boston/news/2016/11/27/americas-richest-universities-including-harvard.html