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Marc Hogan

@marchogan.bsky.social

Freelance journalist. Bylines: FT, NYT, NPR, etc. Past lives: Pitchfork, SPIN, BusinessWeek. marchogan at gmail dot com. He/him. Iowa since 2009, but ex–NY, IL, MA, AZ, TN; CA native. https://www.linkedin.com/in/marc-hogan-00b34b1a photo by Erol Reyal

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Marc Hogan@marchogan.bsky.social · 2w ago

It's not our first day on the internet so I'm not going to continue the trend of dunking on people from the bad site, but "people will say I'm wrong so I'm obviously right" is a heck of a way to argue. It's also the logic of the attention economy that got us here.

Marc Hogan@marchogan.bsky.social · 2w ago

WashU's Scott Wilson received about $12 million in compensation for the most recent fiscal year, the highest I've come across in public tax filings. My latest, a co-byline with the newsletter's one-of-a-kind founder, Leanna Orr, for The Allocator (With Intelligence by S&P Global).

Cheaper By the Dozen ​​​​​​Washington University in St. Louis CIO Scott Wilson received reportable compensation of roughly $12m for the year ending in June 2025, public records show. Wilson’s pay for the most recent fiscal year — $11,971,244, to be exact — is the highest The Allocator has seen so far in the recent year of IRS filings required of endowments and foundations. It’s a nearly 13% increase on Wilson’s $10.4M comp for the previous year, according to the filings. WashU has been among the best-performing large endowments in recent years, and fiscal 2025 was another blockbuster. The $16B allocator posted an annual return of 14.7%, the seventh highest among $1.8B+ endowments, per NEPC data. (The median, you may recall from a previous newsletter, was 11.3%.) Wilson’s work particularly turned heads in 2022, when WashU led the official league tables with a ginormous 65% return. Based on how Wilson felt about the attention paid to WashU’s 2022 milestone, he’s unlikely to be thrilled about press coverage of his recent dozen-million-dollar score. “I hate it,” he told The Allocator about the media frenzy at the time. “I absolutely hate it.”Such misery loves company. Alice Ruth, CEO of the investment office at Dartmouth College, secured about $5.1M in reportable compensation for the year ending in June 2025, according to another of the latest filings to surface. That’s broadly similar to Ruth’s pay the previous year. Dartmouth CIO Kelsey Morgan, for her part, collected $2M, also close to her nearly $2M a year before. The $9B allocator’s return was a little below the median at 10.8%. But back in FY2022, WashU’s blowout year, Dartmouth itself posted an eye-popping 46.5%. Elsewhere, Cornell University CIO Kenneth Miranda received $2.2M, down from $2.8M, per the filings. Former Johns Hopkins CIO Jason Perlioni got almost $4.9M, up from $2.1M. Hamilton College CIO Lauren Jacobson’s $1.7M last year rose from nearly $1.5M in FY2024. Amherst College’s Letitia Johnson also scored nearly $1.7M, up from $1.5M.Former Williams College CIO Collette Chilton — “the GOAT,” as The Allocator declared quite accurately in 2023 — got $1.6M, up from $916,166. (Her successor, Abigail Wattley, received $585,520, up from $565,011.) Also in the $1.5M+ range, Georgia Tech CIO Brian Pellegrino secured $1.6M, up from $1.5M, while Boston University CIO Clarissa Hunnewell collected $1.5M, up from $1.4M. Virginia Tech CIO David Greenberg’s FY2025 comp rounds up to $1.5M, compared to his $921,129 (and former CIO Daniel Ward’s almost $1.4M) the previous year. Meanwhile, over in foundation-land, the Metropolitan Museum of Art CIO Lauren Meserve and the Museum of Modern Art’s Lou Fernandes each received more than $1.6M, up from about $1.5M apiece a year earlier. Spokespeople for Williams and Hamilton declined to comment to The Allocator. Media reps for the other universities and the two foundations didn’t respond to requests for comment prior to deadline. One CIO told us we shouldn’t publish their salary, but them's the breaks of tax-free investing. Happy Friday, Allocators, —LO & MH
Marc Hogan@marchogan.bsky.social · last mo.

Wrote about the latest pay data for chief investment officers of large university endowments. Strong returns, rising comp. Big numbers at Notre Dame. Hefty bumps at Wellesley, UMass. Down for the now-gone CIO at the UC Berkeley Foundation. My latest for The Allocator (With Intelligence/S&P Global)

The judging calls have been fascinating and fun. I'll share tidbits in the next edition; enjoy the comp scoop from our man Marc Hogan in the meantime. —L​​​ Pay Day ​​​​​ The University of Notre Dame paid their CIO the highest comp package disclosed thus far for the (very good) fiscal year ending June 30, 2025. Mike Donovan, who retired as CIO of the $25.4B allocator in June 2024, after 27 years on the endowment team, received $3.8m for the year, per the IRS filings required of U.S. endowments and foundations. His successor, Tim Dolezal, secured $2.3m. Notre Dame’s latest returns were robust, too: 13.6% for the 2025 fiscal year. The median return over the same period among $1.8B+ endowments was 11.3%, according to NEPC data. The Fighting Irish weren’t the only ones dishing out a pot of gold. Rice University CIO Allison Thacker received around $2.9m, up sharply from $1.1m the previous year, filings show. The $7.9B portfolio returned a median-ish 11.4% for the year. CIO comp figures typically reflect rolling 3-year or lagged returns, plus other factors like Did You Beat Yale (+$500k)? University of Chicago CIO Andrew Ward pulled in $2.7m, up from around $2m a year earlier. The $10.9bn allocator returned merely 10.2% in fiscal 2025. Wellesley College CIO Deborah Kuenstner saw a healthy pay rise, to $1.8m from $1.3m. The $3.2bn allocator returned a similarly sturdy 12.2%. Also closing in on two milli: Tulane University CIO Richard Chau, who cleared $1.7m, up slightly from $1.6m. Meanwhile, the $1.9bn allocator returned 9%. Georgetown University CIO Michael Berry likewise pocketed $1.7m, a slight decrease from about $1.8m before. The $3.9bn allocator reported a whopping 14% return. For its part, the University of Wisconsin-Madison was the top performer in NEPC’s January report. The $4.9bn allocator returned an eye-watering 16.2%. Its CIO, Michael Stohler, collected $1.6m, up from $1.2m the prior year. One of the sharper pay increases went to the University of Massachusetts’s Jonathan Gibbons. The $1.8bn allocator’s CIO scored $1.5m, up from $1m a year earlier. The return? A staggering 15.9%. Now-former University of California Berkeley CIO David McAuliffe went the opposite direction. He received $947,222, down from $1.2m, while the $3.2B allocator returned 10%. The Berkeley foundation’s endowment recently hired Brandeis University CIO Tarek Saghir for McAuliffe’s old role. Meanwhile, Carnegie Mellon University CIO Charles Kennedy brought in $1.5m, about as much as the year before. The $3.5bn allocator returned 10.9%. Also among the $1 million club in the recent crop of endowment 990s: University of Delaware CIO Keith Walter. He got $1.1m, holding steady from fiscal 2024. The $2.2B allocator returned 9%, trailing a 9.7% return for its benchmark. Nearly everybody in large endowment–land is generating double-digit returns these days. And they’re getting paid for it.
Tom Ewing@tomewing.bsky.social · last mo.

#TheN0ughtie5 Day 23 28. AEROPLANE ft AU REVOIR SIMONE - "Paris" (08, Belgium/France) Sublime bloghouse cover of some dodgy landfill song which the original band had the nerve to claim credit for so it might be on some lists as "Paris (Aeroplane Remix)" by Friendly Fires youtu.be/3_oUogAKF8I?...

Friendly Fires - Paris (Aeroplane Remix)

YouTube video by * ρ h.ı l s k i ' 8 2 * HIGHKRAP *

youtu.be

Tom Ewing@tomewing.bsky.social · last mo.

#TheN0ughtie5 Day 22 29. BROADCAST - “Come On Let’s Go” (00, UK) *Maureen Lipman voice* You got an ology! YES….a HAUNTOLOGY youtu.be/Zw5ztuhEat4?...

jesse jarnow@bourgwick.bsky.social · last mo.

amusingly, my very 1st rock show in 1986 included both the monkees (nesmith-less) & herman's hermits (noone-less), though they did not jam a 20-minute i heard you looking > spiders.

JamBase@jambase.com · last mo.

"This is like getting to see the Monkees and Herman's Hermits on the same stage" -- Jeff Tweedy Watch Wilco + Yo La Tengo close out their concert at Forest Hills Stadium with a collaborative medley of "I Heard You Looking" and "Spiders (Kidsmoke)" ... 🕷️

Maria Bustillos@mariabustillos.com · 2mo ago

This is the WAY and the LIGHT Block terrible people and never hear from them again, and even more amazingly *they can never hear from you* impossible to overestimate the benefit of this feature, which allows you to limit your attention to objects worthy of it

the Mountain Goats@themountaingoats.bsky.social · 2mo ago

This is what I’m talking about. This is the follower & point count from the bio of a guy a whole TON of you are arguing with today. What are you even doing. These accounts exist to put you on a list. Don’t say your piece and then block. Just block and party on

Jake@gloriousnoise.bsky.social · 2mo ago

The Lucksmiths: Warmer Corners (Matinee MATLP039, 2026) Ope look what showed up in the mail! A new vinyl release of the Luckies’ 2005 classic. So many great songs on this one. Still cracks me up that they rhyme “come to pass” with “your memoirs” and it works perfectly.

The Lucksmiths: Warmer Corners (Matinee MATLP039, 2026) Ope look what showed up in the mail! A new vinyl release of the Luckies’ 2005 classic. So many great songs on this one, especially “The Chapter in Your Life Entitled San Francisco.” Still cracks me up that they rhyme “come to pass” with “your memoirs” and it works perfectly.
Marc Hogan@marchogan.bsky.social · 2mo ago

crazy how the music streaming app doesn't even recommend to me new albums where I have already streamed the first single (and reviewed the prior album in my past life). maybe that's the case for you too?

Orindal Records@orindal.bsky.social · 2mo ago

"Somehow elegant and oddball at once (but more often elegant), the album does indeed live up to its title." - AllMusic "Garbus is extending the possibilities of acoustic songwriter pop." - Bandcamp Daily Profound by Ruth Garbus is out now! Listen & purchase here: album.link/kwzcwswfjrb6f

This is the cover of Profound by Ruth Garbus
Joel S.@joelhs.bsky.social · 2mo ago

I really don't see how staying on X is an ethically defensible choice after this. It is a far-right network that stokes anti-migrant violence, which depends on having some non-far-right users to maintain its reputation as an influential platform. www.yahoo.com/news/us/arti...

Elon Musk accused of fuelling unrest after Belfast knife attack

The use of social media in planning violent protests over the Belfast knife attack has drawn condemnation, with Britain's ruling Labour Party accusing Elon Musk of stoking divisions. The tech billiona...

yahoo.com