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 $6.5 million, at 2018 prices) to $17.8 million as of December 31, 2018.  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 2018, the Rowe Fund granted 8,802 loans for a total of $25.64 million (equivalent to $52.37 million at 2018 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