New Money

Harvard's Still Rollin' in the Dough

By Katy Marquardt

Posted: December 3, 2008

Even with its 22 percent loss in the past four months, Harvard is still insanely rich.

To get an idea of the historical growth and enormous scale of its endowment, take a look at this chart (via Portfolio.com's Market Movers).

The $8 billion drop puts it at $28.8 billion--roughly where it was in 2006, reports Market Movers.

No reason to panic.

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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