$1.2 billion to be exact.
The world market did not bode well for private universities these past two years. USC’s endowment was about $3.7 billion at its high in 2007, and is somewhere around $2.5 billion now, although figures for the last financial quarter haven’t been released yet. USC, unlike private schools such as Harvard with much greater endowment pools, doesn’t rely too heavily on its endowment for everyday spending, so it wasn’t affected the same way.
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