Colleges’ Endowment Goes Up, Others Go Down – Hobart and William Smith Colleges \
The HWS Update

Colleges’ Endowment Goes Up, Others Go Down

The Colleges' endowment, as compared with the 2001 earnings of other area colleges' endowments, was featured in an article titled “Colleges' nest eggs shrinking” in the July 27 Democrat and Chronicle. More than three-quarters of all college and university endowments lost value in fiscal year 2001, according to the National Association of College and University Business Officers, largely because of stock market losses. In the Rochester area, the 2001 declines in the values of endowments ranged from 4.4 percent — about a $2 million loss — at Nazareth College, to 14.5 percent — a $900,000 loss — at SUNY Geneseo, according to an annual survey by the business officers association.

Two area schools, St. John Fisher College and Hobart and William Smith Colleges, recorded gains in endowment values in 2001: 4.1 percent, or about $1.3 million at Fisher, and 0.3 percent, or about $400,000, at Hobart and William Smith.