Source: Endowments Boom as Colleges Bury Earnings Overseas – The New York Times I commented. I’m a former math professor who taught at Washington U. in St. Louis. From my vantage point, It is a sad statement for our society that this article is news at all, but I do hope that it will wake […]
Op-Ed in NY Times: “Stop Universities From Hoarding Money” My Take: Good suggestion, but by itself, it won’t change the fundamental problem.
August 19, 2015 by
They pay lavish fees to manage their wealth, while tuition keeps rising. Source: Stop Universities From Hoarding Money – The New York Times My take: (Also, click on the Tag Endowments for more on this topic.) Good suggestion, but by itself, it won’t change the fundamental problem. The problem is not just money. After all, […]
Do the Richest (Universities) Have Enough? And A Contest for Grads:)
April 16, 2015 by
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. […]
Washington U. in St. Louis is a Standout on NY Times Graph – See Why
September 12, 2014 by
Look at this article for the graph. Making Top Colleges Less Aristocratic and More Meritocratic – NYTimes.com. What is interesting is how Wash. U. brags that they do the opposite of what the graph shows. Look here for what I mean by that. I posted this comment on the Times article. (Someone didn’t agree what I wrote and […]
Are Trustees Too Focused On Investments to the Detriment of the Educational Mission?
January 10, 2013 by
Here is a link to an article about university endowments, followed by my comments and some interesting links. http://dealbook.nytimes.com/2013/01/07/dartmouth-controversy-reflects-quandary-for-endowments/ What worries me the most about the size of university investment funds and its effects on Board members is not just that there may be conflicts of interest, but that some university endowments have become so huge that […]
Education First? or, Endowment First?
There is a new post on the Economist site (http://www.economist.com/blogs/freeexchange/2014/02/higher-education-0) that discusses new research on how universities spend their endowments when times are hard, and when times are good. Essentially, they “hoard” as much as possible, no matter what. The article summarizes the paper better than I can here. I also recommend looking at the paper. […]