• Friday, November 27, 2009
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2 Ivy League Universities, Hit by Financial Crisis, Announce Hiring Freezes

Even the Ivy League isn’t immune to the global financial woes that are being felt on campuses across the country, with Brown and Cornell Universities announcing hiring freezes and other cost-saving measures in recent days.

Cornell is freezing the hiring of non-faculty members of its staff from outside the university through March, David J. Skorton, the university’s president, told the Bloomberg news service. Cornell will also delay all new construction on its campus, in Ithaca, N.Y., for at least 90 days. The hiring and building freezes do not apply to its medical school, in New York City.

Cornell is facing a decline in money from the state for research grants and other purposes, a drop in its $6-billion endowment, and a potential fall in private donations, Mr. Skorton said.

At Brown University, President Ruth J. Simmons announced a hiring freeze for all staff and administrative positions through January, The Brown Daily Herald reported. Faculty searches will continue but will be “carefully reviewed.”

Like Cornell and many other universities, Brown is facing a fall in the value of its endowment. The university is also seeing an increased demand for student aid and the loss of some major donors whose wealth was tied up in hedge funds, according to the student newspaper.

Ms. Simmons said in an e-mail message to the campus that university officials would spend more time raising money. “This will mean that our administrative schedules should be adjusted during this period to accommodate more emphasis on revenue generation,” she wrote. —Kathryn Masterson