Northwestern’s endowment declined to $14.4 billion this year from almost $15 billion last year, according to an email from University President Michael Schill to members of NU’s community Thursday. The decrease was credited to rising interest rates and struggling financial markets, according to Schill. The email, labeled “2023 Annual Financial Update,” included information on the.
Senior University administrators delivered updates and fielded questions on Northwestern’s impending redesign of Ryan Field at Wednesday’s Faculty Senate meeting. After gaining approval from the Board of Trustees, the University unveiled plans for the stadium’s $800 million renovation last month. The redevelopment is funded in large part by a record-breaking $480 million donation to NU.