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July 24, 2008 1:23:49 PM CDT

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Stories related to: endowment

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11 Stories

  • May 2008

    • Pinched Oxford Wants $2.5B

      newser  |  Christian Science Monitor  |  May 29, 08 7:08 AM CDT

      Pinched Oxford Wants $2.5B

      Prestigious Oxford University is pleading poverty and has begun a campaign to raise funds to make it competitive with Harvard, Yale, and Princeton for academic talent, reports the Christian Science Monitor. The university—actually a collection of individual colleges—aims to raise $2.5 billion, but even that is chump change compared to Harvard's $34 billion endowment. More »

      Tags

      Harvard  • Oxford University  • endowment  • Yale  • Cambridge University  • Princeton  • alumni

    • Rich Colleges Should Save Nation's Top Newspapers

      newser  |  Chronicle of Higher Education  |  May 7, 08 9:29 PM CDT

      Rich Colleges Should Save Nation's Top Newspapers

      The New York Times is in "perilous financial condition," and colleges would play the perfect savior, Lee Smith writes in the Chronicle for Higher Education . His plan: Have the seven richest institutions direct 3% of their endowments—which, combined, come to $114 billion— to buying the Gray Lady. "That's for a start." Later on, universities could snap up other papers that "make intellectual life possible." More »

      Tags

      Internet  • New York Times  • professor  • colleges and universities  • endowment  • print journalism

  • April 2008

    • Harvard Gets $100M From Rockefeller

      newser  |  New York Times  |  Apr 25, 08 3:02 PM CDT

      Harvard Gets $100M From Rockefeller

      Harvard fund managers rejoice! The university will get to stock its coffers, already $35 billion strong, with a $100 million gift from David Rockefeller, the largest ever by an alumnus, the New York Times reports. The money will be used to expand the university's arts program and help more students study abroad. “I was a student, class of 1936," said the billionaire banker. "My experiences there shaped who I am.” More »

      Tags

      Harvard  • philanthropy  • Ivy League  • endowment

  • March 2008

    • NY Swears In New Gov; Paterson Calls for Unity

      newser  |  Times Union (Albany)  |  Mar 17, 08 2:00 PM CDT

      NY Swears In New Gov; Paterson Calls for Unity

      David Paterson was sworn in as New York’s governor this afternoon and gave a speech that mixed humor and solemnity, the Albany Times-Union reports. “I never expected to have the honor of serving as governor,” said New York’s first black governor, who repeatedly stressed the importance of bringing political parties together. More »

      Tags

      New York  • Eliot Spitzer  • doctor  • David Paterson  • Albany  • endowment  • budget deficit

    • Ivy Aid May Hit 2nd-Tier Schools

      newser  |  Newsweek  |  Mar 5, 08 12:35 PM CST

      Ivy Aid May Hit 2nd-Tier Schools

      It’s easy to applaud the generosity the Ivy League is lavishing on the middle class, but it could have unintended consequences, Newsweek notes. Second-tier schools and elite public universities rely on the highly talented middle-class kids Harvard and company are targeting. “Schools compete hard for those students,” said Colgate’s VP of finances. But Colgate’s $700 million can’t compete with Harvard’s $34 billion war chest. More »

      Tags

      Harvard  • higher education  • middle class  • Ivy League  • endowment  • financial aid

  • January 2008

    • Prep Schools' Endowments Skyrocket

      newser  |  New York Times  |  Jan 26, 08 1:15 PM CST

      Prep Schools' Endowments Skyrocket

      Endowments at the nation’s elite prep schools have exploded over the past decade, mirroring the trend at top colleges, reports the New York Times . America’s older schools have fared best: the endowment of Phillips Exeter Academy in NH has broken $1 billion, double its amount in 2002, while Phillips Academy in Andover holds more than $800 million. More »

      Tags

      wealth  • endowment  • financial aid  • private schools  • prep schools

    • College Coffers Surging

      newser  |  USA Today  |  Jan 24, 08 7:05 PM CST

      College Coffers Surging

      Riding high on investment growth, a record number of higher-education institutions claimed endowment assets of more than $1 billion last year, USA Today reports. With the average endowment fetching a 17.2% rate of return, it isn’t hard to see why a study by a college business non-profit found the number of schools in the billion-plus club grew to 76. More »

      Tags

      Harvard  • endowment  • financial aid

    • Craigslist Gives $1.6M for New Media Chair

      newser  |  San Jose Mercury News  |  Jan 18, 08 8:44 PM CST

      Craigslist Gives $1.6M for New Media Chair

      Internet mainstay Craigslist is giving $1.6 million to help the University of California-Berkeley set up a faculty chair devoted to new media, the San Jose Mercury News reports. The gift will help create a setting "where scholars and students can explore the powerful effect of new media and think rigorously about how new media will continue to change our lives," Berkeley's chancellor said. More »

      Tags

      California  • university  • donation  • Craigslist  • UC Berkeley  • endowment  • new media

    • Yale Ups Endowment Spending

      newser  |  Yale Daily News  |  Jan 8, 08 8:46 AM CST

      Yale Ups Endowment Spending

      Yale will significantly increase spending from its $22.5 billion endowment next year—providing more financial aid and launching new research. The university will draw $1.15 billion from its endowment compared with $843 million last year. The decision comes after Yale and other top universities were criticized for sitting on their enormous wealth, reports the Yale Daily News . More »

  • December 2007

    • Harvard Offers Middle-Class Parents Help*

      newser  |  Boston Globe  |  Dec 31, 07 3:20 PM CST

      Harvard Offers Middle-Class Parents Help*

      Generosity isn't what's fueling Harvard’s new $22 million giveaway to the middle class—it’s greed, educational consultant Steven Roy Goodman writes in the Boston Globe. Harvard’s giving the extra financial aid as a PR move, hoping to squash brewing legislation that would force universities to spend 5% of their endowments each year. Because Harvard has $35 billion squirreled away, that would amount to $1.75 billion. More »

      Tags

      Harvard  • higher education  • Ivy League  • colleges and universities  • endowment  • financial aid  • college tuition  • nonprofits

    • Tax Harvard to Help Fund Poorer Colleges

      newser  |  New York Times  |  Dec 21, 07 4:17 PM CST

      Tax Harvard to Help Fund Poorer Colleges

      The growing disparity between the richest universities and their more modest counterparts is not as often discussed as other aspects of America's wealth gap, prominent investment banker Herbert Allen writes in the New York Times —but it should be. The nation’s wealthiest colleges have endowments topping $1 million per student—thousands of times greater than those of the poorest. More »

      Tags

      Harvard  • Yale University  • endowment  • Princeton University  • income disparity

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