Schools across the US have been struggling to dig themselves out of the hole created when the markets crashed. The ten largest endowment funds alone lost a combined $36 billion before the sinking markets began to stabilize in March 2009 and large US colleges and universities have issued more than $7 billion in taxable bonds.
Institutional Investor has created an interactive chart of ten of the largest bond issuers, their operating expenses for the 2009 fiscal year, how much they issued in taxable bonds, and the size of their endowments in 2009 and 2010.
To find out how endowments took on billions in debt during the crisis, read John Keefe’s story from the April edition. To find out how university endowments have built better risk management practices since the crisis, read Institutional Investor senior writer Frances Denmark’s story. Also, watch Frances Denmark discussing her story on CNBC.
