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Related: About this forumUT endowment second-largest in the nation, according to Bloomberg data
by Shannon Najambadi, Texas TribuneBolstered by booming oil prices, the University of Texas' endowment hit $31 billion in value this summer, according to data compiled by Bloomberg News making UT's endowment second only to Harvard University's in size among the country's institutions of higher education.
Harvard's endowment had a value of $39.2 billion, according to Bloomberg's data. Yale University, whose endowment often tops UT's in value, was at $29.4 billion, though the Texas system's more than 235,000 students dwarf Yale's 12,300.
The price of oil has dropped since the fall, a change not reflected in Bloomberg's numbers, which are current through June 30.
The Texas endowment dates back to 1876, when the state set aside more than 1 million acres of West Texas land to support the development of the UT and Texas A&M University systems. The value of the fund shot up with the discovery of oil, and the advancement of hydraulic fracturing technology. In 2010, the fund was worth some $10.7 billion. Last year, it was up to $19.5 billion.
Read more: https://www.texastribune.org/2018/12/26/university-texas-endowment-harvard/
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UT endowment second-largest in the nation, according to Bloomberg data (Original Post)
TexasTowelie
Dec 2018
OP
unblock
(52,308 posts)1. The price of oil has plummeted since then
Paladin
(28,271 posts)2. This is why I hang up on fund-raising calls from UT.
As much as I love my old school, I also know they have half the money in the known universe to play with, and they don't require any more cash infusions from me.
onetexan
(13,056 posts)3. Good reason to lower tuition rates
i have a kid attending UT