Today’s Briefing: 

ENDOWMENT: The University announced Friday that its endowment has grown to $37.7 billion, a 46.9 percent year-over-year return. The endowment earned more than $10 billion since the 2019–20 fiscal year when it was reported at $26.6 billion. It remains the third-highest in the Ivy League, behind Harvard and Yale, but the highest per student — with roughly $4.6 million for each enrolled undergraduate and graduate student.

In a press release, President Christopher Eisgruber ’83 stated “This year’s exceptional returns reflect not only strong underlying markets but also the superb work of PRINCO’s outstanding investment team over many years.”

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DIVESTMENT: Princeton, University of Pennsylvania, and Yale remain the only Ivy League institutions to remain invested in the fossil fuel industry, following announcements by Harvard and Dartmouth earlier this year officially announcing divestment. As pressure mounts on these remaining universities to divest, student leaders remain hopeful in the face of several challenges regarding divestment. 

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WINTER BREAK HOUSING: In an Oct. 29 memo to the student body, Dean of the College Jill Dolan and Vice President for Campus Life W. Rochelle Calhoun announced that only students participating in the Continuous Housing program and select student-athletes will be allowed to remain on campus during the upcoming winter break. This new protocol is a shift from previous years, as no application was needed to remain on campus during winter break prior to 2019. Eligible students are required to apply for the program through the Princeton Service Portal, which closes on Friday, Nov. 19 at 5 p.m.

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In Opinion

• Columnist Rohit Narayanan criticizes how President Eisgruber justified Princeton’s existence in a recent Atlantic interview, arguing that we must critically examine Eisgruber’s claims that the University’s production of world-changing leaders justifies providing vast resources to a select few. Narayan states, “Princeton doesn’t seem to have thought deeply about what it means to be a leader. It’s time to change that — or find a new justification for our existence.” 

At Your Leisure

• FOOTBALL: Go Tigers! On Friday night, Princeton football kept its undefeated streak alive, defeating Cornell 34–16. The game was played through colder-than-usual weather conditions, worsened by rain throughout the game. The Tigers came into the game less than a week removed from their controversial 18–16 5OT homecoming win over Harvard on Oct. 23.
• PODCAST: Listen to today’s special Daybreak episode and follow the Daybreak team as they celebrate fall by exploring Terhune Orchards, Stults Farms, and Lee Turkey Farm. 
• PODCAST: Listen to this week's episode of Go with the Flo, hosted by Folarin Okulaja and featuring interviews with Charlie Bagin ’22 and Maddie Plank ’24 about their recent bike trip across the country!