Cornell Endowment Up Since June

The Ithaca Journal reports that the value of Cornell's endowment dropped 26 percent in the fiscal year ending June 30, but that it rose by 6.2 percent in July and August.

"Cornell's endowment continues to have a strong liquidity position, mindful both of anticipated calls from our investment partners and the needs of the institution," said James Walsh, Cornell's chief investment officer.

It's possible that further gains in the endowment might mitigate some of the further budget cuts expected over the next two years.