Powerball and Endowment Wealth per Student

Large dollars tend to attract many of us. That is why the Powerball attracted so many people at the tidy sum of 1.3 billion. Yet the larger the number, the more people participate. Someone had the brilliant idea of distributing Powerball winnings to everyone in the country thinking it would be a tidy windfall; maybe enough to eliminate poverty. As it turns out, it barely gets us enough to buy a cup of coffee after taxes at a pre-tax number of about $4 each.

 

Endowments are sums of money to cover future generations. There are lots of ways to measure future impact of endowment dollars as they could cover many new projects and programs. I took the Powerball concept about just distributing endowment over the most recent fall enrollment dollars. While I don’t think major donors will go for this concept, it does give us some perspective of the relative amount of the endowment size over the student base.

 

Harvard has by far the largest endowment in terms of sheer size coming in at over 36 billion dollars. However, it barely cracks the top 10 when it comes to endowment per student at a pedestrian $1.26 million per student. Rockefeller University dwarfs other schools coming in at over $9 million per student. Not surprising given the focus of Rockefeller on hard to solve, very expensive medical research areas. Soka University comes in second at nearly $3 million per student. As expected, 3 of the top 10 universities were Ivy League schools. Stanford edges out Harvard as the largest university in the top 10. If we cashed out every school’s enrollment, the average distribution would be just under $100,000.

 

It is admittedly hard to look at endowments this way given the wide range of uses for endowment dollars. Comparing peers however in this way may be helpful. See the implementation of this in Public Insight by watching my brief video blog below.

 

 

I created a spreadsheet using Public Insight that compares endowment dollars for the past five years and ranks by asset size, 1 year growth, 5 year growth, and endowment per student. You can download it here.

Share This Story

Similar Posts

  • Decoding Outcome Measures Data

    Breaking Down the Second Year Student Success Measure The IPEDS Outcome Measures data was designed as a supplement to graduation rate data which has always been questioned as an effective measure for measuring student outcomes. Outcome Measures is now in year two of its collection and provides a lot of…

  • Top Ten States with Growing Tuition Costs

    Nell Gluckman of The Chronicle of Higher Education wrote an interesting piece about the challenges of public cutbacks in the state of Louisiana. The premise of the article is that there are trickle-down implications of state cutbacks in tuition, faculty morale, and curriculum. Louisiana has passed along substantial tuition increases to its…

  • CMS Releases 2016 Opioid Prescription Data

    This week, CMS released 2016 Opioid Part D Prescribing Rates data which follows on the heels of the original release several months ago. This data release includes Opioid prescriber, claims, and extended release claims at the national, state, county, and zip code level. We have updated our Opioid Prescribing Rates…

  • What is the Newly Released Carnegie Data?

    The Carnegie Classification™ has been the major institutional framework for describing higher education institutions since 1970. This classification system comes out approximately every five years with the latest rendition released on February 1, 2016. This release represents the initial data provided by the Indiana University Bloomington Center for Postsecondary Research…

  • New Violence Against Women Data on Campuses

    A slug of new data has recently been released covering campus statistics on violence against women. This data was mandated by the Violence Against Women Reauthorization Act of 2013 (VAWA) and is added to numerous other statistics required under the Campus Crime Statistics Act, or Clery Act. College institutions must…

  • When is Free Tuition Really Free?

    The sticker pricing game has been in place a long time. No one ever pays full sticker price for items such as jewelry or cars. That is probably why University of Michigan came under scrutiny for its free tuition guarantee for families with income under $65,000. Cynics pointed this out…