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BALANCE SHEET Investments In fiscal year 2019, the return on the endowment was 6.5% and its value after the net impact of distributions from the endowment for operations, federal taxes, and the addition of new gifts to the endowment during the year) increased from $39.2 billion at the end of fiscal year 2018 to $40.9 billion at the end of fiscal year 2019. More information can be found in the Message from the CEO of Harvard Management Company, found on page 12 of this report.

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BALANCE SHEET Investments In fiscal year 2019, the return on the endowment was 6.5% and its value after the net impact of distributions from the endowment for operations, federal taxes, and the addition of new gifts to the endowment during the year) increased from $39.2 billion at the end of fiscal year 2018 to $40.9 billion at the end of fiscal year 2019. More information can be found in the Message from the CEO of Harvard Management Company, found on page 12 of this report.
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Brian C. Keegan (bkeegan@hci.social)'s status on Friday, 24-Nov-2023 01:31:24 JST Brian C. Keegan

It’s easy to dunk on midlife Elon for lighting $44 billion on fire to own the libs.
But it’s hard to fathom the enormity of this destruction of value.
Harvard University has attracted significant and deserved criticism about its embarrassingly large endowment.
In 2019, Harvard’s endowment was $40 billion.
The income from this pile of money reliably pays out 5% per year, or $1.8 billion.
Just remember: “A 44 billion endowment could indefinitely pay for $2 billion of stuff per year.”
1/🧵

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