November 23, 2008

The Numbers Are In...Vassar Reports Huge Loss

Last month Cappy sent an email stating that the Vassar endowment had fallen $80 million in the financial crisis. The numbers for the October losses are now in, and it looks like things are much, much worse.

The Misc is reporting that the Vassar endowment is now valued at $640 million after the October market crisis.

In June the endowment was valued at $845 million. That's a loss of $205 million!

Update:
Wesleying reports that Wesleyan has lost $120 million in the crisis.

14 comments:

Anonymous said...

Some major changes are going down soon. If it's not bolted down, it's getting tossed over, my friends!

Anonymous said...

oh shit

Anonymous said...

you should see the losses in my savings. We are all suffering, and Obama does not know WTF to do.

Anonymous said...

DAYYYYYYYYYYYYYYYYUM son.

Anonymous said...

That is why it is going to be up to us to put our talent,energy and money where we need to be self sufficient. Our energy can't be dependant on places where we have to go to war for it, or protect it. The economy has been based on fake value and need, and the house made of cards has crumbled. We are too talented of a nations to be stiffled into fear. Put your money into basic healthy food sources and warmer clothes.

Anonymous said...

that's okay, guys! we can just fire more professors and cut more classes! that won't be a big deal, right? hahahahaha

Respire said...

@10:24
hahahahaohgod

Anonymous said...

i'm really scared that my family might not be able to afford vassar after this school year, even being on financial aid and all.

vassar must cut down the size of the incoming class of 2013 right? if the class is huge like the last two years, with downsized resources, i anticipate an epic bitchfest (for lack of a better term) or implosion....

Anonymous said...

But the fewer students they admit, the lower their aggregate income from tuition and fees.... it's a sticky balance...

Joseph '11 said...

Does cutting the number of classes have to do with the economy or the previously announced plan of reducing professors' courseload from 3-2 to 2-2? This would be a terrible time to go through with that, if it is the case.

Anonymous said...

From what I've heard, professors are going to stay at 3-2.
In terms of cutting classes: contracts for faculty that expire mid-year or at the end of the year will probably be allowed to lapse and not be extended.

Anonymous said...

From what I hear, most of the classes being cut are ones that usually have less than 5 people enrolled and are not essential to that major. I guess it's more of a cleanup, but no doubt the financial crisis has something to do with it.

Anonymous said...

What do 3-2 and 2-2 mean?

Anonymous said...

think about this in the following manner - vassar lost 200 mil, but someone made 200 mil (i.e. a bank/ hedge fund). and then of course you get to give them another 700 bil bailout money. capitalism at its best.