Tag Archives: Princo

Top five campus headlines of 2010

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Our annual year in review series kicks off with the top headlines of 2010, as selected by the PAW staff. Add your favorites in the comments section below.
1. New selection process proposed for clubs
In May, after seven months of study, a task force concluded that the University and its students are “well served” by the eating clubs, but proposed a new method for selecting members that is modeled after the medical-school match program… Read more
2. A 14.7% investment return as Princo ‘stays the course’
Princeton’s investments grew 14.7 percent in the year ending June 30, rebounding from the heavy losses suffered during the financial crisis and outpacing all but one Ivy League school… Read more
3. Malkiel plans to step down after 24 years as dean of the college
In September, Nancy Weiss Malkiel announced her intention to step down as dean, a post she has held since 1987, at the end of this academic year. She will depart as Princeton’s longest-serving dean of the college, responsible for the undergraduate academic program… Read more

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Princeton endowment posts 14.7 percent return

i-16f0b5286c4f9bdb8bbd95c5fa4aedd4-wb_campus.jpgPrinceton’s endowment earned a 14.7 percent return on investments during the year ending June 30, the University announced Oct. 15. The endowment was valued at $14.4 billion as of June 30, up from $12.6 billion a year earlier.
 
Provost Christopher Eisgruber ’83 cited the “strong performance” of the University endowment, which followed a year in which the endowment’s investment return was -23.5 percent. He said the growth in the endowment, financial support from alumni and other donors, and two years of budget reductions have enabled Princeton to avoid the need for further spending cuts.
 
 “The endowment’s performance brings us back within our target band for spending, but we will need to demonstrate continuing budget discipline to contend with the effects of the recent financial crisis and persistent economic uncertainty,” Eisgruber said. The endowment is managed by the Princeton University Investment Co. (Princo).
 
Following is a list of investment returns reported by other schools for the past year: Columbia, 17 percent; Stanford, 14.4 percent; Penn, 12.6 percent; Cornell, 12.6 percent; Harvard, 11 percent; MIT, 10.2 percent; Dartmouth, 10 percent; Brown, 10 percent; and Yale, 8.9 percent.
 
For more details on Princeton’s endowment’s results, see the Nov. 17 issue of PAW.