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"Some college administrators seem so distracted with fund raising, academic infighting, and community initiatives that they set up their emergency communications departments very poorly. Training is poor to nonexistent, secretaries are pressed into service with tremendous responsibilities for running 'notification systems' 24/7 and on weekends because no one else knows how to do it and the administration won’t pay for additional staff. Procedures are seat-of-the-pants and dependent on HIPPO (highest paid person’s opinion), except when something like Virginia Tech happens and there is some sort of scramble to do something different." --Donna
Most Colleges Avoid Risk Management, Report Says
Jill Biden Shines a Global Spotlight on American Community Colleges
Speaking at a Unesco conference in Paris, the vice president’s wife stressed the importance of two-year institutions to the nation’s educational goals.
Connecticut Public Colleges Lose 200 Professors to Early Retirement
Administrators are scrambling to plug holes in their course schedules for fall, with most expecting to do so by hiring more adjuncts or increasing class sizes.
U. of Georgia Paid 2 Fraternities $2.4-Million to Relocate, Contracts Show
The two were among five with houses on property where the university plans to build new academic facilities.
New Allegations in Admissions Controversy at U. of Illinois Suggest Ex-Provost Played a Role
Linda P.B. Katehi, the incoming chancellor of the University of California at Davis, has insisted she knew nothing of the admission of politically connected applicants at Illinois.
Sonoma State U. Foundation May Lose $350,000 on Loan to Former Board Member
The foundation will be forced to issue fewer scholarships in the 2010-11 academic year because of a diminished endowment, a university official said.
College Suspends Student for Working in Gay Pornography | 58
President Obama's Visit to Notre Dame Carries Barely a Hint of Controversy That Preceded It | 58
Drug Sting Nabs 21 Students at U. of Illinois | 57
Faculty Members and Union Protest Staff Layoffs at Temple U. as 'Cruel' | 57
North Dakota Board's Vote Puts 'Fighting Sioux' Mascot on Thinner Ice | 57
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September 25, 2006
Yale Endowment Earned Whopping 23% Return in 2005-6
Yale University’s endowment might be smaller than that of Harvard University, but Yale’s endowment earned a larger return in the fiscal year that ended on June 30.
Yale’s $18-billion endowment, the second largest of any private university in the nation, rose 22.9 percent, according to a statement issued today by the university. Harvard’s endowment, valued at $29.2-billion, rose 16.7 percent during the same period (The Chronicle, September 20).
Yale’s president, Richard C. Levin, said in the statement that the $2.8-billion gain in the endowment “will allow the university to achieve new levels of education and research excellence.” The institution expects to spend $676-million from the endowment in the 2007 fiscal year.
The endowment’s contribution to Yale’s operating budget has more than doubled in the last 10 years, the university said. The endowment, which was valued at $4.9-billion a decade ago, is the institution’s single largest source of budgetary support. It is overseen by David Swensen, Yale’s chief investment officer (The Chronicle, September 2, 2005).
Posted on Monday September 25, 2006 | Permalink |Comments
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At what size will this endowment allow the elimination of tuition?
— David Sep 26, 08:40 AM #
Never – because doing so represents a lump sum transfer to some wealthy students. Such endowments allow universities to means test, not eliminate tuition.
— Anonymous Sep 26, 11:26 AM #