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Stanford's endowment grows to $18.7 billion

Original post made on Sep 27, 2013

Stanford's endowment grew by 9.7 percent in the 2013 fiscal year, increasing its value to $18.7 billion, the university announced Wednesday.

Read the full story here Web Link posted Friday, September 27, 2013, 9:55 AM

Comments (6)

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Posted by Bob
a resident of Community Center
on Sep 27, 2013 at 11:11 am

Ah, yes. Stanford is one wealthy enclave. But tell that to employees and retirees getting the first whiff - call it stench - of the new Obamacare fallout. Seniors on HealthNet will pay 25% more per visit as will others in most Medicare programs - and that's just for the doctor co-pay e.g. at the Palo Alto Medical Center. (Retirees also have $120 taken out each month for Medicare from Social Security check.) Stanford is waiting to reveal the new premium costs in October which are in addition to Medicare. Better not to give it out all at once to avoid 'sticker shock". My 1990 Stanford retiree uncle takes home about $300 per month in his "pension" which has not changed one dime since 1990!

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Posted by Happy Stanford employee
a resident of Stanford
on Sep 27, 2013 at 11:40 am

I knew it would be only a matter of time before someone would be lobbing false accusations against Stanford.

"But tell that to employees and retirees getting the first whiff - call it stench - of the new Obamacare fallout."
Never miss an opportunity, Bob, to bash Obama as well. How do you know what the premiums will be if you say that Stanford is waiting until next month to reveal them

"My 1990 Stanford retiree uncle takes home about $300 per month in his "pension" which has not changed one dime since 1990!"
I did not think that Stanford had a pension plan--stanford has retirement plans that you contribute to and Stanford kicks in money also (401K plans).
Are you sure your uncle worked for Stanford?

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Posted by noise
a resident of Green Acres
on Sep 27, 2013 at 11:40 am

Wow, Bob's first lie is bringing in Obamacare in a thread on Stanford's 18 billion. Then he moans about pensions - held in place by the invisible hand of the free market.

On top of that, using anecdotal "evidence" (not!) misrepresenting Obamacare. Here's a sample of the debunking of these anecdotal type posts:

"Another viral email is spreading yet another false and misleading attack on Obamacare. This time, opponents of the law are making the absurd claim that Medicare premiums are about to double because of health reform:

The per person Medicare insurance premium will increase from the present monthly fee of

96.40, rising to:

(lie) $120.20 in 2013; And

(lie) $247.00 in 2014.

But here are the facts: Every single number in the email is wrong. The entire argument appears to have been simply fabricated out of thin air. The fact is, Obamacare strengthens Medicare by keeping premiums low and extending its solvency.

What you need to know:

In 2014, they are projected to be $112.10, not $247—a difference of $135 that the email completely made up.

The health care law does not change anything about the way Medicare premiums are set. All Obamacare does is make Medicare stronger. The health care law makes sure seniors get free preventive care and savings in the doughnut hole and extends Medicare’s solvency by eight years.

The health care law is actually keeping Medicare premiums low. Experts estimate that monthly premiums were $4.40 lower because of Obamacare in 2012. By 2021, seniors will save $23.40 a month on premiums.

Independent fact checkers say the same thing. From to Politifact to AARP, everyone agrees this claim is a complete fabrication.

Medicare premiums are not going to double because of Obamacare—in fact, the law is helping keep premiums low."

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Posted by Lorin Krogh
a resident of Palo Alto High School
on Sep 27, 2013 at 12:13 pm

Most money promotes some special interest.

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Posted by Winston Smith
a resident of South of Midtown
on Sep 27, 2013 at 12:35 pm

Bob: I would have thought the appropriate tea bagger comment would have been on Stanford's tax status and how it doesn't help the average taxpaying American worker.

Funny how the tea bagger message Web Link was taken by the astroturffing types like Heritage, away from the original Taxed Enuf Already? message to anti government.

We all remember the original tea bag sign: "Git Yer Guvmint Hands off my Medicare!" Web Link

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Posted by businessdecision
a resident of another community
on Sep 27, 2013 at 1:59 pm

Bob was talking about the co-pays in Medicare supplement plans offered to Stanford retirees, right? But we don't know how he knows about the co-pays.

Happy Stanford employee, recall that until 1997 Stanford had pensions for low-level employees; a low-level retiring in 1990 would have something like what Bob described. Those monthly amounts are unfortunately not designed to change if inflation goes up.

Sorry, but further commenting on this topic has been closed.

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