Thursday, January 16, 2020

Endowment decreases after underperformance, deficit spending - Gabby Birenbaum, Daily Northwestern

Northwestern’s endowment decreased from $11.08 billion to $10.8 billion in the 2019 fiscal year,after its long-term balance pool underperformed relative to expectations and a withdrawal to offset the University’s budget deficit. The reduction marks only the second time in 10 years that the school’s endowment has decreased year-to-year and is the largest in that time frame. It remains higher than 2017’s $10.5 billion value.
https://dailynorthwestern.com/2020/01/09/campus/endowment-decreases-after-underperformance-deficit-spending/