GW's endowment breaks one billion - News

GW's endowment breaks one billion - News: "GW's endowment breaks one billion
by Brandon Butler
Senior News Editor
Issue date: 2/1/07 Section: News

Page 1 of 1

GW's endowment has broken the $1 billion mark, the University announced yesterday.

In a statement distributed Wednesday afternoon, GW announced that as of Dec. 31, the endowment stood at about $1.019 billion. When University President Stephen Joel Trachtenberg assumed the presidency in 1988, GW had an endowment of about $200 million. Over the last 19 years, the endowment has grown by more than $800 million."