Harvard Endowment Cracks $25 Billion

A WSJ story Indian educational institutions should read:

Harvard University said its endowment, the largest in higher education, achieved a 19.2% return in the year ended June 30, bringing its value to $25.9 billion.

n the 2005 fiscal year, the endowment provided almost a third of Harvard’s operating budget, or more than $850 million, the school said.

Harvard said the endowment’s strongest results came from private-equity investments, while foreign bonds achieved the best performance relative to the benchmark against which they are measured.

I wonder if Indian colleges are thinking along these lines…

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Rajesh Jain

An Entrepreneur based in Mumbai, India.