The Rowe Fund's Assets

The original legacy of Dr. Rowe has gradually grown over the years from the initial endowment of $623,605 (equivalent to $6.1 million, at 2015 prices) to $17.7 million as of December 2015.  Due to the 2008 economic crisis, the Fund experienced the loss of 22.0 percent of the Fund's net assets  from $14.5 million in 2007 to $11.3 million as of December 31, 2008.  However, the Rowe Fund has managed to recover and raise the level of individual loans while maintaining the interest-free policy thanks to an exemplary record of loan reimbursements and a portfolio of prudent investments. 

Between 1948 (when its operations began) and 2015, the Rowe Fund granted 8,472 loans for a total of $23.2 million (equivalent to $47.0 million at 2015 prices). 

 

"The relation between human capital and the level of development of a nation depends on the individual's willingness to invest in him/herself through education."

Paul Schultz, Nobel Prize in Economics