What The Top College Endowments Have Lost

The top five university endowments, with values as of June 30, according to 2008 NACUBO Endowment Study, followed by projected endowment performance and consequences.

1. Harvard: $36.6 billion. Planning for a loss of 30 percent. Department heads in main Faculty of Arts and Sciences are being asked to cut 15 percent of expenses from endowment-supported budgets.

2. Yale: $22.9 billion. In mid-December, announced estimated 25-percent decline. Plans to slow but not stop hiring, and spread budget cuts over several years.

3. Stanford: $17.2 billion. Expecting loss of 20 to 30 percent. Will cut 15 percent from $800 million budget over two years. Has laid off some staff; more expected.

4. Princeton: $16.3 billion. Planning for a 25-percent decline. Plans to slow hiring, delay some projects and cut administrative budgets.

5. University of Texas System: $16.1 billion. A spokeswoman estimated Monday that the endowment's value fell slightly more than 20 percent between June 30 and December 31, to $12.8 billion. The system's endowment covers 15 campuses.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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