[82lsju]

Thanks.  In the article it states;

"The value of the Merged Pool on June 30, 2026, was $61.5 billion. A portion of the endowment consisting of commercial real estate near campus is not part of the Merged Pool. The value of the endowment in aggregate as of August 31, 2026, the university’s fiscal year-end, will be published in Stanford’s financial statements in the coming months."

The actual endowment will be less, not more, than $61.5 billion, right?  I don't understand this.  It just seems like $61.5 billion is too high based on the endowment's track record over the years.

SMC manages the $61.5 billion Merged Pool, which represents the substantial majority of Stanford’s investable assets. Endowment funds constitute three-quarters of the Merged Pool. Other investment assets include non-endowment gifts, reserves, and funds relating to Stanford Hospital and the Stanford Medicine Children’s Health.

and

Investment returns generated from Endowment funds support the University’s mission. For example, the Endowment will disburse more than $2.2 billion in Fiscal Year 2027 

https://smc.stanford.edu/our-mission/

75% of $61.5b is ~$46b, cross-checking if the $2.2b disbursement is ~5% of the endowment then the endowment would be ~$44b, so I'd SWAG the endowment at $45b and rest of the merged pool ~$16.5b.

[82lsju]

Thanks.  In the article it states;

"The value of the Merged Pool on June 30, 2026, was $61.5 billion. A portion of the endowment consisting of commercial real estate near campus is not part of the Merged Pool. The value of the endowment in aggregate as of August 31, 2026, the university’s fiscal year-end, will be published in Stanford’s financial statements in the coming months."

The actual endowment will be less, not more, than $61.5 billion, right?  I don't understand this.  It just seems like $61.5 billion is too high based on the endowment's track record over the years.

SMC manages the $61.5 billion Merged Pool, which represents the substantial majority of Stanford’s investable assets. Endowment funds constitute three-quarters of the Merged Pool. Other investment assets include non-endowment gifts, reserves, and funds relating to Stanford Hospital and the Stanford Medicine Children’s Health.

and

Investment returns generated from Endowment funds support the University’s mission. For example, the Endowment will disburse more than $2.2 billion in Fiscal Year 2027 

https://smc.stanford.edu/our-mission/

75% of $61.5b is ~$46b, cross-checking if the $2.2b disbursement is ~5% of the endowment then the endowment would be ~$44b, so I'd SWAG the endowment at $45b and rest of the merged pool ~$16.5b.