How much spendable income does Columbia’s endowment generate each year?
At its current value of more than $7.1 billion (as of June 30, 2007), the endowment can generate upwards of $355 million in spendable income each year—a significant amount, but still a relatively small share of Columbia’s annual budget. In FY2008, less than 13 percent of the University’s $2.66 billion budget will be funded by investment income from the endowment, a proportion half or even one-third that funded by endowment income at wealthier peers such as Princeton, Harvard, and Yale.
