TribLIVE

| News


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Pitt's $2.6 billion endowment in 2012 was 25th largest in the nation, survey finds

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

Daily Photo Galleries


By The Tribune-Review

Published: Friday, April 5, 2013, 12:48 p.m.

The University of Pittsburgh's $2.6 billion endowment for 2012 was the 25th largest in the nation after posting a change of 3.6 percent in its value, a new survey found.

Harvard's $30.4 billion endowment continued to rank at the top of the list even after its value declined 4.1 percent from 2011, according to the annual survey by the National Association of College and University Business Officers and the Common Fund.

Colleges typically tap a portion of the earnings from their endowments — which consist of gifts from individuals and businesses — each year. The money can be used to underwrite scholarships and operating costs or endow professorial chairs, depending on donor restrictions.

Penn State University's endowment ranked 36th in size with a 3.2 percent gain since 2011, while Carnegie Mellon's endowment fell to $987 million from $1 billion, leaving it in 72nd place.

 

 
 


Show commenting policy

Most-Read Stories

  1. Agreement nears on Springdale police chief’s duties
  2. A-K Valley students offer F.R. Strong support
  3. Governor signs child abuse protection bills
  4. Starkey: Fleury’s future at stake
  5. Five years later, Crosby wants another Cup win
  6. EF volleyball standout Waters will sign with Loyola (Md.)
  7. Penguins’ Malkin expects to play in Game 1
  8. Legal experts question prosecuting South Fayette boy for recording bullies
  9. Jailed Hribal ‘fine,’ but family ‘terrible’ as answers in stabbing sought
  10. Victory on Friday could propel Bunola’s Salka into title fight
  11. Twitter buys data analytics partner
Subscribe today! Click here for our subscription offers.