Tag Archives: University Endowments
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Burton A. Weisbrod, Evelyn D. Asch
Often considered vital to the financial health of private colleges and universities, endowments provide necessary income for the yearly budget as well as a safety net of savings for a rainy day – for if, say, the economy falls into a recession. Why, then, are leading academic institutions hoarding their money while slashing faculty, financial aid, and programs?
On Inside Higher Ed, Mission and Money co-authors Burton A. Weisbrod and Evelyn D. Asch give some perspective on the leading universities that are squirreling their savings away.
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Things have changed, haven’t they? Months ago, we were arguing over universities hoarding their endowments even as tuition prices increased. Then endowments took massive hits and even Harvard terminated 50 money managers. I haven’t heard much about it since. Burton Weisbrod has always argued against requiring universities to pay out a fixed portion of endowments […]
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Burton A. Weisbrod, Evelyn D. Asch, Jeffrey P. Ballou
Forcing schools to spend more of their endowments on easing tuition burdens would put nonprofits on a slippery slope. In a Los Angeles Times Op-Ed, Cambridge authors Burton A.Weisbrod, Jeffrey P. Ballou and Evelyn D. Asch explain why bigger spending doesn’t always translate to lower tuitions. In their Oct. 12 Op-Ed articles, Sen. Charles E. […]
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On Mission and Money, Economic Principles had some kind words yesterday. ‘The book appears at a propitious time. Just last week, Sen. Charles Grassley (R-Iowa) and Peter Welch (D-Vermont) convened a daylong session in Washington with a couple dozen college presidents in order to pressure them to spend their endowments more freely, especially on financial […]
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Burton A. Weisbrod, Evelyn D. Asch, Jeffrey P. Ballou
For the most part, they’re nonprofits. So can universities demonstrate their benefit to society? A New York Times article yesterday reported on a meeting between university presidents and two members of Congress. Senator Charles Grassley and Representative Peter Welch are both pushing the administrators to spend more of their endowment money to push down rising […]
Read More
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What can’t they buy? Did your university have a climbing wall, hot tubs, or en-suite bathrooms? Mine sure didn’t. And I didn’t miss ’em. Then again, it didn’t have a massive endowment either. Maybe because they built a giant sports complex that I didn’t use. I’m sure that exercise equipment is the surest way to […]
Read More
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Burton A. Weisbrod, Evelyn D. Asch
Often considered vital to the financial health of private colleges and universities, endowments provide necessary income for the yearly budget as well as a safety net of savings for a rainy day – for if, say, the economy falls into a recession. Why, then, are leading academic institutions hoarding their money while slashing faculty, financial aid, and programs?
On Inside Higher Ed, Mission and Money co-authors Burton A. Weisbrod and Evelyn D. Asch give some perspective on the leading universities that are squirreling their savings away.
Read More
-
Things have changed, haven’t they? Months ago, we were arguing over universities hoarding their endowments even as tuition prices increased. Then endowments took massive hits and even Harvard terminated 50 money managers. I haven’t heard much about it since. Burton Weisbrod has always argued against requiring universities to pay out a fixed portion of endowments […]
Read More
-
Burton A. Weisbrod, Evelyn D. Asch, Jeffrey P. Ballou
Forcing schools to spend more of their endowments on easing tuition burdens would put nonprofits on a slippery slope. In a Los Angeles Times Op-Ed, Cambridge authors Burton A.Weisbrod, Jeffrey P. Ballou and Evelyn D. Asch explain why bigger spending doesn’t always translate to lower tuitions. In their Oct. 12 Op-Ed articles, Sen. Charles E. […]
Read More
-
On Mission and Money, Economic Principles had some kind words yesterday. ‘The book appears at a propitious time. Just last week, Sen. Charles Grassley (R-Iowa) and Peter Welch (D-Vermont) convened a daylong session in Washington with a couple dozen college presidents in order to pressure them to spend their endowments more freely, especially on financial […]
Read More
-
Burton A. Weisbrod, Evelyn D. Asch, Jeffrey P. Ballou
For the most part, they’re nonprofits. So can universities demonstrate their benefit to society? A New York Times article yesterday reported on a meeting between university presidents and two members of Congress. Senator Charles Grassley and Representative Peter Welch are both pushing the administrators to spend more of their endowment money to push down rising […]
Read More
-
What can’t they buy? Did your university have a climbing wall, hot tubs, or en-suite bathrooms? Mine sure didn’t. And I didn’t miss ’em. Then again, it didn’t have a massive endowment either. Maybe because they built a giant sports complex that I didn’t use. I’m sure that exercise equipment is the surest way to […]
Read More
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