May 11, 2007

Fiscal Reality

By AUDREY WILLIAMS JUNE

Trustees worry about colleges' financial health but do not have the tools to diagnose it

Many college and university trustees say money matters are the biggest challenge their boards face. According to The Chronicle's survey, board members of four-year institutions are grappling with how to pay for new buildings and how to repair old ones. They are worried about fast-growing expenses and slow-growing endowments. And in some cases, they focus on annual deficits that threaten the very

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