- MIT’s endowment increased $9 billion to $27.4 billion
- Northwestern rose by 42.2%
- Washington U in St. Louis increased by 65% ($5 billion)
- Vanderbilt up 57% ($4 billion)
- Duke up 55.9% to $12.7 billion
- Harvard increased to a total of $53 billion
College endowments of all sizes gained a median of 33%. The one we’re most interested in (Tulane) reported a 35.8% return. Since they had a reported endowment of $1.45 billion as of fiscal year ending 2020, you can do the math for approximate current numbers.
The person who gets all of the credit (or blame) for Tulane’s endowment is our current CIO, Richard Chau. Richard has an MBA from Columbia and undergrad work including degrees in economics and Chinese. He was also an all-American performer in the discus and hammer throw.