Faculty & Staff
Leadership & Policy
Princeton’s Office of Finance Appoints Minority-Owned Asset Management Firm. Will Others Follow Suit?
Princeton University’s Office of Finance and Treasury signaled its commitment to working with minority-owned financial firms this week when it announced that it had entrusted Ramirez Asset Management of New York, part of the oldest Hispanic investment firm in the U.S., with investing 50% of its latest bond proceeds.
July 21, 2021
Fewer Enrollments, Lost Income to Pressure Universities’ Finances: Moody’s
Lower student enrolments and lost income will pressure higher education institutions worldwide, due to the global coronavirus pandemic, said bond ratings agency Moody’s Investors Service. Public U.S. universities will be under more pressure because of potential government funding cuts and lower income from investments, said the agency. Decreased investment income is especially on the cards […]
April 8, 2020
Black Students to Princeton Seminary: Pay Reparations from $1B Endowment
It makes sense that African-American students at Princeton Theological Seminary have issued reparatory requests based on research tying much of the school’s current wealth to slavery, and it’s equally fitting that the school live up to its religious precepts in its response, according to some scholars.
April 25, 2019
Seattle University Set to Divest in Fossil Fuels
Seattle University is set to be the first college in Washington state and the first Jesuit college to divest in fossil fuels, according to a report by the Seattle Times. University officials said it would no longer invest any of its $230 million endowment in, “funds and securities” of fossil fuel companies. “By taking this step […]
September 20, 2018
Two University Alumni Make $43.9M Gift to Law School
CHARLOTTESVILLE, VA. — Two University of Virginia School of Law alumni have made a $43.9-million donation to the school, the largest gift in its history. The Daily Progress reports Martha and Bruce Karsh announced they will donate the money Thursday. The gift includes $18.9 million in matching funds from the university’s board of visitors, which will […]
May 13, 2018
Alum Couple Establishes $1M Endowment at Howard
Drs. Irvin D. Reid and Pamela Trotman Reid, former college presidents who met at Howard University in the 1960s, last week announced a $1-million endowment for their alma mater’s Department of Psychology.
May 6, 2018
Leadership & Policy
Anonymous Donors Pledge $20M Gift to Monmouth College
MONMOUTH, Ill. — An anonymous couple has pledged $20 million to a small liberal arts college in western Illinois. A Monday statement from Monmouth College says it’s the largest such gift in the school’s 164-year-old history. It’ll boost an endowment now at $100 million and will be used, among other things, to increase scholarships. Monmouth […]
April 25, 2017
Study: College Endowments Have Worst Year Since 2009
BOSTON — Hundreds of U.S. colleges lost money on their investments last year, continuing a downward slide that threatens to put a pinch on budgets, according to a new study. Among 800 schools included in the study, the average endowment shrank by almost 2 percent, the worst performance since the economic recession in 2009. The […]
January 31, 2017
University of Virginia Creates Julian Bond Endowed Professorship
The University of Virginia is honoring the late Julian Bond, with an endowed professorship in his name.
October 23, 2016
University of Maine Creates Stephen King Chair in Literature
ORONO, Maine ― The University of Maine is creating the Stephen E. King Chair in Literature in honor of one of its most famous graduates. The university is collecting applications from English professors to fill the position now. The appointment is set to begin in August and is a five-year, renewable term. The university says […]
October 18, 2016
Report: ‘$500M Club’ Shuns Low-income Students
Universities with the largest endowments were slammed as “playgrounds for the children of the wealthiest” in a new Education Trust report today that says the institutions should tap their endowments at a higher rate to benefit more low-income students.
August 3, 2016
CEO of Harvard’s $37B Endowment Resigns for Personal Reasons
CAMBRIDGE, Massachusetts ― The chief of Harvard University’s $37 billion endowment is resigning after less than two years at the helm. Harvard Management Company, the university’s investment arm, announced on Wednesday that President and CEO Stephen Blyth will resign immediately for unspecified personal reasons. He started the job in 2015. Blyth took a medical leave […]
July 27, 2016
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