endowment – News Stories About endowment - Page 2

NY Swears In New Gov; Paterson Calls for Unity

Mar 17, 2008 2:00 PM CDT

NY Swears In New Gov; Paterson Calls for Unity

New head of state is funny but also solemn

(Newser) - 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...

Ivy Aid May Hit 2nd-Tier Schools

Mar 5, 2008 12:35 PM CST

Ivy Aid May Hit 2nd-Tier Schools

Big scholarships could siphon top students who couldn't afford Harvard

(Newser) - 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,”...

Prep Schools' Endowments Skyrocket

Jan 26, 2008 1:15 PM CST

Prep Schools' Endowments Skyrocket

Institutions aim to fund needy students, top-notch facilities

(Newser) - 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...

College Coffers Surging

Jan 24, 2008 7:05 PM CST

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...

Craigslist Gives $1.6M for New Media Chair

Jan 18, 2008 8:44 PM CST

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...

Yale Ups Endowment Spending

Jan 8, 2008 8:46 AM CST

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...

Harvard Offers Middle-Class Parents Help*

OPINION

Dec 31, 2007 3:20 PM CST

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%...

Tax Harvard
to Help Fund Poorer Colleges

OPINION

Dec 21, 2007 4:17 PM CST

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...