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.
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.
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:
