Harvard Billionaires Bail Out Alma Mater

The video discusses Drew Faust's retirement from Harvard and her success in raising $9 billion. Despite this, Harvard's endowment returns were lower than its Ivy League peers. The video compares Harvard's 4.4% return with Yale's 6.6% under David Swensen. It explores why donors continue to contribute despite low returns, highlighting the transformative impact of a Harvard education. The discussion also covers financial management challenges, including where funds are allocated and the impact of leadership stability on endowment performance.

What was the approximate amount of money raised by Drew Faust during her tenure at Harvard?

• $5 billion

• $12 billion

• $9 billion

• $15 billion

How did Harvard's endowment returns over the past decade compare to its Ivy League peers?

• Not comparable

• Lower than average

• Equal to average

• Higher than average

Why do some donors continue to contribute to Harvard despite its lower endowment returns?

• They are influenced by peer pressure

• They are unaware of the returns

• They are motivated by personal experiences

• They expect future returns to improve

What is one reason for Harvard's lower endowment returns compared to Yale?

• Frequent management changes

• Higher operational costs

• Lack of major donors

• Poor investment choices

Who has been managing Yale's endowment successfully since 1986?

• John Paulson

• Drew Faust

• David Swensen

• Larry Summers