Who runs the endowment?
Andrew Golden has been president of Princo since 1995, after working at Yale’s and Duke’s investment companies. When he arrived, the endowment was $3.5 billion; it has grown more than sixfold.
![](https://paw.princeton.edu/sites/default/files/styles/portrait_feature/public/images/content/OTC-Three-Things-1_0.jpg?itok=zQ6XIOHf)
What does it fund?
The endowment funds about half of the University’s operating budget (up from about 30 percent in 2000–01), including almost 80 percent of the financial-aid budget.
![](https://paw.princeton.edu/sites/default/files/styles/portrait_feature/public/images/content/OTC-Three-Things-2_0.jpg?itok=IGRdUJ-_)
What is the endowment’s value per student?
The size of college endowments often is described as a number per student. Princeton’s translates to almost $2.8 million per undergraduate and graduate student. By comparison:
![](https://paw.princeton.edu/sites/default/files/styles/portrait_feature/public/images/content/OTC-Three-Things-3_0.jpg?itok=hAYsMjUS)