Education, Economy, deals

Yale Endowment Down 25 Percent

Ryan McBride 12/17/08

Yale University president Richard Levin revealed in this letter yesterday that the New Haven, CT, university’s endowment was valued at an estimated $17 billion, down an about 25 percent from June 30, 2008. The letter follows Harvard University’s announcement earlier this month that its endowment lost more than $8 billion, or 22 percent, of its June 30 value of $36.9 billion.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.