Kaitlin Mulhere 2016年02月16日
富者愈富。 全美學(xué)院和大學(xué)商務(wù)官協(xié)會(huì )(NACUBO)和非營(yíng)利性組織Commonfund最新發(fā)布的捐贈基金研究報告顯示，在94所獲得超過(guò)10億美元捐贈資金的大學(xué)中，有75所大學(xué)的市值去年有所增加。 哈佛大學(xué)捐贈基金的價(jià)值增加了5.65億美元，達到364億美元。換個(gè)角度來(lái)看，根據國際貨幣基金組織2014年的數據，哈佛的捐贈基金比近100個(gè)國家的國內生產(chǎn)總值(GDP)還要高。 | The rich keep getting richer. Of the 94 colleges with endowments over $1 billion, 75 grew in market value last year, according to the just-released NACUBO-Commonfund Study of Endowments. Harvard University added $565 million to its now $36.4 billion endowment. Put in perspective, that means Harvard’s endowment dwarfs the gross domestic product of nearly 100 foreign countries, based on 2014 data from the International Monetary Fund. |
共有812所大學(xué)參加了這次研究，在2015財年，他們的平均投資回報率為2.4%，比前一年的15.5%有所下降。 根據統計，中國人熟知的哈佛、耶魯、斯坦福、麻省理工四所大學(xué)，獲得捐贈基金總額達到了977億美元，占10所大學(xué)捐贈總額逾一半。 這份報告最令人困擾的發(fā)現是，捐贈基金的平均長(cháng)期投資回報率為6.3%，明顯低于大部分大學(xué)設立的10年投資回報率目標(7.5%)。全美學(xué)院和大學(xué)商務(wù)官協(xié)會(huì )總裁兼CEO約翰·瓦爾達接受記者采訪(fǎng)時(shí)表示，這對大學(xué)的消費能力有長(cháng)久的影響。 Commonfund Institute執行董事威廉·F·賈維斯表示，捐贈基金的規模和投資年回報率有著(zhù)相當直接的關(guān)系。獲得捐贈越多的大學(xué)，投資表現越好：獲得超過(guò)10億美元捐贈的大學(xué)，平均的投資年回報率為4.3%，獲得1億美元及以下捐贈的大學(xué)，平均的投資年回報率僅有約2%。（財富中文網(wǎng)） 譯者：嚴匡正 審校：任文科 | In all, 812 colleges participated in the study, and they reported an average one-year return on investments of 2.4% in fiscal year 2015, down from 15.5% in the year prior. The report’s most troubling finding, according its authors, is that the endowments’ average long-term return is just 6.3%, significantly below the 7.5% 10-year target that most colleges aim for. That could have a lasting effect on how much colleges are able to spend, John Walda, president and CEO of the National Association of College and University Business Officers (NACUBO), said in a call with reporters Tuesday. There’s a fairly direct relationship between endowment size and the one-year return rate, said William F. Jarvis, executive director of Commonfund Institute. Larger endowments performed better: Those with more than $1 billion had average returns of 4.3%, compared to roughly 2% for those funds with $100 million or less. |
