Bollinger Says Endowment Loss Similar to Harvard’s
Written by Bwog Staff
PrezBo had already “conceded that the endowment was down” at his last fireside chat, but now Bwog has some information on the scale of the damage:
At the University Senate’s monthly plenary on Friday, PrezBo told the Senate that, over the fiscal year, Columbia’s endowment has lost “about the same” percentage as Harvard’s, which lost 22% of its value in the first four months of the new fiscal year.
He declined to give more specific figures at the public plenary, but Bwog has been told that the number may be a little less than Harvard’s — somewhere around 20%. More specific figures should be coming in the near future. Regardless, the loss marks a steep fall from last fiscal year’s 2% rise