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…