[epenn]

I was originally going to post that sometimes I wish gifts like this would be given to smaller, less fortunate schools. A top tier school like CMU is always going to be able to find new sources of endowment. I still believe this in general. However before reading the previous comments, I had no idea how small CMU's endowment was compared to other top tier universities. If the numbers I read are correct, CMU's $815 million is only 2.97% of Harvard's $27.4 billion. Not nearly what I assumed it was.

[pilom]

CMU made some very big announcements (big to students at the school) in 2007 when their endowment broke $1 billion for the first time ever. And then 2008 happened.