-
@nealemahoney I’m not just thinking about the market, I’m just being a bit of a wiseass 😉. Obvs if we think about a university’s PIH “wealth,” we should include not only portfolio, but also NPV of anticipated future giving. 1/
-
@nealemahoney FWIW, looks like Harvard was roughly $40B endowment and $1.4B in 2018 giving? Chicago roughly $8B / $500M? Wildly guessing R-g=4% (??) suggests that Harvard was ~50% portfolio vs. 50% future giving; Chicago 40%/60%.