Round table to focus on endowment spending
WASHINGTON — The question of whether Yale and its wealthy peers are spending enough of their endowment riches will be debated today as the Senate Finance Committee convenes here to hold a round table on the topic.
The discussion comes as the latest round in the sparring match between Iowa Republican Sen. Chuck Grassley, the committee’s ranking member, and America’s richest universities over whether today’s generation of students are paying the price, in terms of rising tuition, for what some call institutional stinginess on the part of their schools.
Yale officials will be...
Obviously they should spend more. Finishing with the rehab of the mothballed Divinity School buildings should be at the top of the list. The disgrace of years of deferred maintenance is only half erased.