Harvard’s Endowment Is Bigger Than Half the World’s Economies

Harvard University’s largest-in-the-country endowment saw returns of 15.4 percent in the last year, and now stands at $36.4 billion. That’s a lot of money.

Just for fun, here’s a look at how that compares to gross domestic products worldwide. According to the International Monetary Fund, that $36.4 billion would settle in between Jordan and Latvia. That’s about smack dab in the middle of the world’s economies.

What to make of that? Well, considering that a GDP and an endowment are very different things, not much except that more than 90 countries generate less economic activity in a given year than Harvard has hanging around. (Just a bit of the endowment is actually available to Harvard; in the past five years, $11.6 billion has gone to the university, accounting for about a third of its budget, according to The Boston Globe.)

Harvard’s Endowment Is Bigger Than Half the World’s Economies 2012-11-17T015520Z_01_BOS115_RTRMDNP_3_USA

Harvard’s Endowment Is Bigger Than Half the World’s Economies 2012-11-17T015520Z_01_BOS115_RTRMDNP_3_USA

http://www.boston.com/business/news/2014/09/25/harvard-endowment-bigger-than-half-the-world-economies/UAOY9V4lg6fcjArrSyCgWJ/story.html

Harvard’s Endowment Is Bigger Than Half the World’s Economies

Harvard’s Endowment Is Bigger Than Half the World’s Economies

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