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.
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