Do the Richest (Universities) Have Enough? And A Contest for Grads:)

Rich colleges and universities are getting a lot richer, study finds – The Washington Post.

You can explore further by clicking on “endowments” in the Tag Cloud (on the right).  I especially recommend this post for some financial facts that surprise many; or, if you are familiar with financial statements, look at schools like Stanford.  Last year, Stanford’s change in net assets was over $3 BILLION.

Here is a suggestion for some of these schools.

Have a contest (like Jeopardy, say) every decade for that decade’s graduates.  Then for the year that wins, distribute that year’s change in net assets to each of that year’s graduates.  The university would probably never miss the money and there would be great side effects.  Students would study hard.   The prospect of eventually winning close to half a million might keep people like Bill Gate’s in school. (His presence would be good for the other students.) Alumni would review all of their subjects…