Ivy League Endowments

The housing and derivatives bubble sure was good for retired Fed Chairman Alan Greenspan and wife NBC News Chief Foreign Affairs Correspondent Andrea Mitchell. They just turned up in the University of Pennsylvania’s latest list of donors for $5 million or more.

View the Penn donor list

If you want to understand how the money works at your alma mater, just ask them for the last three years of tax returns and annual reports. You may be surprised at what you learn about who depends on bubble blowers.

3 Comments

  1. James:

    If you want to understand some of the dynamics of Ivy League endowments, you could start by reading Linda Minor’s work on Harvard and the Harvard Watch report on Harvard’s investment in Enron.

    http://www.newsmakingnews.com/catharvarddatadumpindex12,4,00.htm
    http://www.dunwalke.com/resources/organizations.htm (See Harvard Watch links under “Harvard”)
    http://www.newsmakingnews.com/lindaminor/lm3,19,02harvardtoenron,pt1.htm

    Jon Rappoport has one or two great interviews on the Harvard Endowment and endowments in general. They are buried somewhere in his interview collection.

    I have not written much about my alma mater, the University of Pennsylvania. There was one note in the following piece:

    http://www.scoop.co.nz/stories/HL0408/S00265.htm

    I learned a bit about University endowments as my father was instrumental for a time
    in raising money for Penn and my grandfather involved as well.

    http://www.wharton.upenn.edu/alum_mag/issues/125anniversaryissue/willits.html
    http://www.uphs.upenn.edu/surgery/dse/fittsbio.html
    http://www.law.upenn.edu/alumni/alumnijournal/Fall2000/dean/feature/sidebar2.html
    http://www.law.upenn.edu/alumni/alumnijournal/Fall2000/dean/feature/sidebar1.html

    It was not until I started to develop place based financial flows tracking software (Community Wizard) and learned about the operations and economics of government mortgage fraud
    and narcotics trafficking that I was able to outline how the system probably works on the covert side.

    Another thing to write up some day!

    Catherine

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