$1,000,000,000

PRINCETON, N.J.--After five years of explosive growth. Princeton University's endowment recently hit $1,000,000,000. The Daily Princetonian reported recently.

The endowment--consisting of donations--to the university in such forms as property, stocks, and bonds--nosed over the magical mark last month. It is the third highest in the nation behind Harvard and the University of Texas.