FSU at $584 Million down from $624 Million. The best measure of endowments is rankings (even better is endowment per student, but I don't have that). FSU hit 158. Off the all time low of 121 in 2006.
Interesting to note, FSU has fallen in endowment rankings 9 straight years, despite FSU's Capital Campaign 'Raise the Torch' almost raising a billion dollars.
http://www.nacubo.org/Research/NACUBO-Commonfund_Study_of_Endowments/Public_NCSE_Tables.html
http://www.nacubo.org/Documents/EndowmentFiles/2016-Endowment-Market-Values.pdf
Have had pathetic returns here for a decade. The recession hit the fund pretty good and nobody has been able to right the ship since then. Not sure the BoT believes the issue to be all that urgent, for whatever reason.
ReplyDeleteYup. BOT is basically useless from what I can tell. They have little reaction to anything.
DeleteWell, to FSU academics, but I knew that's what you meant.
Delete