In “OSU Fund Managers Pig Out: Scholarships Not Awarded to Students,” an article published by the Columbus Free Press, John Lasker has focused on Ohio State University’s growing endowment and on the degree to which those assets are benefitting the students who attend the university.
Here are some of the relevant facts, culled from Lasker’s article:
–The Ohio State University endowment reached the $3.6 billion mark in 2014 and ranked 22nd out of 800-plus US public and private colleges and universities.
–The Ohio State endowment, or “Long Term Investment Pool,” is managed by both internal and external fund managers, and like many college endowments, is managed for the long-term with relatively low risk. The endowment’s yields for the most part are earned from global equity, hedge funds and real assets.
–The endowment for 2012 received $365 million in contributions from over 200,000 donors. Then towards the end of 2012 the…
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