Rice University

“We still own the original forest that William R. Rice gave us in Louisiana, 50,000 acres of timber forest, and we own parcels of land that notable Houstonians gave to the university, and that's just how boards do it, I think.”

“Although Yankee Stadium, which was owned by Rice, was given to us by an alumni in the sixties, we probably would have kept holding it, and I would have inherited it, if not for eminent domain. So it was recaptured for a giant renovation project, and Rice was f…”

“Our portfolio right now from a fixed income and cash perspective is yielding close to six percent.”

“We use debt financing to finance very long-dated capital projects like dormitories. We should have the most boring portfolio of debt ever. It should be long-dated, and it should be a fixed rate to provide budget certainty. If we're going to take risk, we shoul…”

“Rice has expanded financial aid to the point where you don't pay tuition up to about a 120,000 in household income.”

“We don't invest in a single fund that hasn't committed to be using carbon offsets and become carbon neutral.”

“And from that statement, you can assume that our public equity portfolio has not outperformed over the last three to five years.”

“It's 40% of the budget is covered by the endowment.”