On the fund-raising front, with a few weeks remaining in the
fiscal year, which ends June 30, donations were expected to total
about $110 million, compared with $126 million the year before.
On the positive side, the percentage of alumni donating was running
around 52 percent. That's an increase of 2-3 percentage points
from the year before. Also, as of May the University had received
100 pledges of $100,000 or more, compared with 60 the year before.
The Investment Office reports that the endowment was participating
fully in the late spring/early summer stock market surge, and
strong positive returns were expected for the quarter that ends
June 30. That would likely push the endowment into the black for
the entire fiscal year. Particularly strong returns were achieved
in small-cap U.S. equities and in various hedge-fund portfolios,
according to the Investment Office.
* * *
July 2003
