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NEWS ABOUT: endowment

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College Coffers Surging

A record 76 schools claim $1B or more in assets

(Newser) - 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... More »

Craigslist Gives $1.6M for New Media Chair

Donation to Berkeley is largest ever for classified-ad giant

(Newser) - 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... More »

Yale Ups Endowment Spending

Rich schools slammed for sitting on wealth

(Newser) - 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... More »

Harvard Offers Middle-Class Parents Help*

*And pre-empts legislation far costlier for superrich schools

(Newser) - 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%... More »

Tax Harvard to Help Fund Poorer Colleges

Banker urges taxing investment earnings to close education gap

(Newser) - 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... More »

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