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Yale Endowment
The Yale University endowment (valued at $42.3 billion as of 2021) is the world's second-largest university endowment and has a reputation as one of the best-performing investment portfolios in American higher education. The endowment was established at Yale University, then Yale College, in 1718 from an initial fund of £562 provided by Elihu Yale and has grown to more than $40 billion in value over the ensuing 300 years. It is managed by the Yale Investments Office. History Yale University was founded as "the Collegiate School" in 1701. In 1718, Elihu Yale sold a portion of his collection of gems and furniture to provide an initial fund of £562 for the establishment of the school's endowment. From 1985 until 2021, the Chief Investment Officer of Yale was alumnus David Swensen, who was replaced by alumnus Matthew Mendelsohn. As of 2013, the chairman of the Yale Investment Committee, which provides oversight of the endowment, was Douglas A. Warner III. Investments and performance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Swensen
David Frederick Swensen (January 26, 1954 – May 5, 2021) was an American investor, endowment fund manager, and philanthropist. He was the chief investment officer at Yale University from 1985 until his death in May 2021. Swensen was responsible for managing and investing Yale's endowment assets and investment funds, which totaled $25.4 billion as of September 2016. As of September 2019 the total amount is $30.3 billion. He was considered to be the highest-paid employee in Yale, leading a team of about 30 employees. He invented ''The Yale Model'' with Dean Takahashi, an application of the modern portfolio theory commonly known in the investing world as the "Endowment Model." His investing philosophy has been dubbed the "Swensen Approach" and is unique in that it stresses allocation of capital in Treasury inflation protection securities, government bonds, real estate funds, emerging market stocks, domestic stocks, and developing world international equities. His investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lists Of Institutions Of Higher Education By Endowment
The following are lists of institutions of higher education by endowment size. Africa * List of South African universities by endowment Europe * List of United Kingdom universities by endowment * See table below for France. North America * List of Canadian universities by endowment * List of colleges and universities in the United States by endowment Many institutions of higher education in the United States maintain financial endowments—sums of money that are invested in stocks, yielding returns that fund a portion of an institution's operational expenses and help ensure it survives in perp ... Oceania * List of New Zealand universities by endowment All others over US$1 billion References {{DEFAULTSORT:Institutions Of Higher Education By Endowment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airbnb
Airbnb, Inc. ( ), based in San Francisco, California, operates an online marketplace focused on short-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia. Airbnb is a shortened version of its original name, AirBedandBreakfast.com. The company has been the subject of criticism for lack of regulations and enabling increases in home rents. History After moving to San Francisco in October 2007, roommates and former schoolmates Brian Chesky and Joe Gebbia came up with the idea of putting an air mattress in their living room and turning it into a bed and breakfast. In February 2008, Nathan Blecharczyk, Chesky's former roommate, joined as the Chief Technology Officer and the third co-founder of the new venture, which they named AirBed & Breakfast. They put together a website that offered short-term living quarters and breakfast for those who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Colleges And Universities In The United States By Endowment
Many institutions of higher education in the United States maintain financial endowments—sums of money that are invested in stocks, yielding returns that fund a portion of an institution's operational expenses and help ensure it survives in perpetuity. U.S. colleges and universities maintain some of the largest endowments in the world, and make up the strong majority of educational institutions with endowments greater than $1 billion. The National Association of College and University Business Officers (NACUBO) maintains information on college endowments. In 2005, the endowment table totaled $219.37 billion. By 2015, the table totaled $394.96 billion, an increase of 80%, and in 2018, the total further increased to $479.23 billion. , the total stood at $854.11 billion, with an average across all institutions of $1.1621 billion and median of $2.0102 million. Strong returns in fiscal year 2020-21 led the largest university endowments to soar. The four largest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fossil Fuel Divestment
Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt to reduce climate change by exerting social, political, and economic pressure for the institutional divestment of assets including stocks, bonds, and other financial instruments connected to companies involved in extracting fossil fuels. Fossil fuel divestment campaigns emerged on campuses in the United States in 2011 with students urging their administrations to turn endowment investments in the fossil fuel industry into investments in clean energy and communities most impacted by climate change. In 2012, Unity College in Maine became the first institution of higher learning to divest its endowment from fossil fuels. By 2015, fossil fuel divestment was reportedly the fastest growing divestment movement in history. In October 2021, a total of 1,485 institutions representing $39.2 trillion in assets worldwide had begun or committed to a divestment from fossil fuels. Motivati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Salovey
Peter Salovey (; born February 21, 1958) is an American social psychologist and current President of Yale University. He previously served as Yale's Provost, Dean of Yale Graduate School of Arts and Sciences, and Dean of Yale College. Salovey is one of the early pioneers in emotional intelligence. Early life Salovey was born in 1958 in Cambridge, Massachusetts. He is the oldest child of Elaine Salovey, who was a registered nurse, and Ronald Salovey, who was a physical chemist and Professor of Chemical Engineering and Materials Science at the University of Southern California. Salovey spent his early years in New Providence, New Jersey and attended high school at Williamsville North High School in a suburb of Buffalo, New York, before moving to suburban Los Angeles in 1975, when his father was appointed a professor at the University of Southern California. In 1976, he graduated co-valedictorian from Rolling Hills High School in Rolling Hills Estates, California. He attended S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colony Of Connecticut
The ''Connecticut Colony'' or ''Colony of Connecticut'', originally known as the Connecticut River Colony or simply the River Colony, was an English colony in New England which later became Connecticut. It was organized on March 3, 1636 as a settlement for a Puritan congregation, and the English permanently gained control of the region in 1637 after struggles with the Dutch. The colony was later the scene of a bloody war between the colonists and Pequot Indians known as the Pequot War. Connecticut Colony played a significant role in the establishment of self-government in the New World with its refusal to surrender local authority to the Dominion of New England, an event known as the Charter Oak incident which occurred at Jeremy Adams' inn and tavern. Two other English settlements in the State of Connecticut were merged into the Colony of Connecticut: Saybrook Colony in 1644 and New Haven Colony in 1662. Leaders Thomas Hooker delivered a sermon to his congregation on May 31, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hartford Courant
The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is considered to be the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven and east of Waterbury, its headquarters on Broad Street in Hartford, Connecticut is a short walk from the state capitol. It reports regional news with a chain of bureaus in smaller cities and a series of local editions. It also operates ''CTNow'', a free local weekly newspaper and website. The ''Courant'' began as a weekly called the ''Connecticut Courant'' on October 29, 1764, becoming daily in 1837. In 1979, it was bought by the Times Mirror Company. In 2000, Times Mirror was acquired by the Tribune Company, which later combined the paper's management and facilities with those of a Tribune-owned Hartford television station. The ''Courant'' and other Tribune print properties were spun off to a new corporate parent, Tribune Publishing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Of Connecticut
Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York (state), New York to the west, and Long Island Sound to the south. Its capital is Hartford and its most populous city is Bridgeport, Connecticut, Bridgeport. Historically the state is part of New England as well as the New York metropolitan area, tri-state area with New York State, New York and New Jersey. The state is named for the Connecticut River which approximately bisects the state. The word "Connecticut" is derived from various anglicized spellings of "Quinnetuket”, a Mohegan-Pequot language, Mohegan-Pequot word for "long tidal river". Connecticut's first European settlers were Dutchmen who established a small, short-lived settlement called House of Hope (fort), House of Hope in Hartford at the confluence of the Park River (Connecticut), Park and Connecticut Rivers. Half of Connecticut wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune Magazine
''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and ''Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthusiastic about the idea – which Luce originally thoug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Facebook
Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, its name comes from the face book directories often given to American university students. Membership was initially limited to Harvard students, gradually expanding to other North American universities and, since 2006, anyone over 13 years old. As of July 2022, Facebook claimed 2.93 billion monthly active users, and ranked third worldwide among the most visited websites as of July 2022. It was the most downloaded mobile app of the 2010s. Facebook can be accessed from devices with Internet connectivity, such as personal computers, tablets and smartphones. After registering, users can create a profile revealing information about themselves. They can post text, photos and multimedia which are shared with any ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
