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Cornell Endowment Up 15.5%
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Thursday, 09 February 2012

In the 2011 fiscal year, Cornell's endowment increased by 15.5% to $5.1 billion, according to the annual survey of endowment returns by the National Association of College and University Business Officers and the Commonfund Institute.

Overall, according to the survey, endowments rose by 19% in 2011, representing a strong performance recovery over the past two years. In 2009, endowments fell by an average of –19%. Cornell's increase placed it in the middle of the pack for the Ivy League: Columbia had the largest percentage increase, 19.5%, followed by Princeton at 18.9% and Yale at 16.3%. Dartmouth had the smallest percentage increase, 13.8%.

The largest endowments in the Ivy League—and the country—are held by Harvard ($31.7 billion) and Yale ($19.4 billion).

 
CLASS NOTES Print E-mail
Monday, 09 January 2012

 

Beginning with this issue, you can read the Class Notes online without logging in.

 

 

To do this, simply click on the "Class Notes" link over here —>

This link will take you to the Class Notes in the digital edition, where you can flip through the pages using the arrows at the top. If you want to enlarge the type, use the "magnifying glass" icon with the + symbol.

If you have any questions, comments, or concerns, please write to me at: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Thanks — we hope this makes life a little easier for you!

— Jim Roberts '71, Editor & Publisher

 
Happy Holidays! Print E-mail
Wednesday, 21 December 2011

Thanks to the extraordinary efforts of President David Skorton and many members of his administration, the extraordinary generosity of Chuck Feeney '56, and the nearly unanimous support of faculty, students, staff, and alumni, Cornell received the best year-end gift it could hope for — the go-ahead to build a science and technology campus on New York's Roosevelt Island in partnership with the Technion–Israel Institute of Technology. As the Cornell Chronicle reported, "the news was met with cheers from live-streamed supporters on two continents."

How did Cornell pull it off? Read the back story -- and more about the Cornell-Technion alliance.

Watch for more news here as the NYC project moves forward. Happy Holidays from everyone at CAM!

 

 
Cornell Chosen for NYC Tech Campus Print E-mail
Monday, 19 December 2011

According to the New York Times, Mayor Michael Bloomberg has selected Cornell to build a new science and engineering campus on Roosevelt Island. Last Friday, Stanford unexpectedly withdrew from the year-long competition and Cornell subsequently announced an anonymous $350 million gift to support the project. Events moved swiftly from there, and an announcement at Weill Cornell Medical College is scheduled for 2:30 p.m. today, with a video on Cornell Cast: http://www.cornell.edu/video/?videoid=1810

 
NYC Competition: Stanford Out; Cornell Gets $350 Million Gift Print E-mail
Friday, 16 December 2011

In a surprising move, Stanford University has withdrawn from the competition to build a new science and engineering campus in New York City. According to a Stanford press release, President John Hennessey said that the university "could not be certain that it could proceed in a way that ensured the success of the campus."

The New York Times City Room blog cited anonymous sources who said "Stanford officials were frustrated by the city’s attempts to negotiate new terms after the university submitted its proposal in October."

Stanford and Cornell were widely considered to be the two leading candidates for building the new school proposed by Mayor Michael Bloomberg. The Chronicle of Higher Education said that the Stanford withdrawal "opens the way for a plan by Cornell University and the Technion-Israel Institute of Technology."

Shortly after Stanford's withdrawal, Cornell announced a $350 million gift from an anonymous donor in support of the Cornell-Technion proposal. The gift is the largest in the University's history.

 
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