Yale awaits budget memo 2.19.09
As the University’s annual budget-planning memo gets pushed back another week, department heads are left waiting and wondering how much of Yale’s $100 million budget gap will fall on them.
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Congress may still mandate spending 1.14.09
The estimated 25 percent plunge of Yale’s endowment has not convinced several members of Congress to cast aside their scrutiny of Yale’s and other universities’ enormous stockpiles of wealth.
Q&A | Levin talks endowment 1.12.09
Richard Levin, who assumed office in 1993, has served as Yale’s president in a period of remarkable economic prosperity. Now, as he outlined Dec. 16 in a 2,000-word letter to faculty and staff, he and his colleagues face the challenge of balancing ambitious new initiatives with the reality that Yale’s endowment is worth an estimated three-quarters of what it was on June...
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ENDOWMENT FALLS 25 PERCENT 12.16.08
Yale’s endowment lost roughly a quarter of its value since the start of summer, and several capital projects — possibly including the two new residential colleges — will be delayed as a result, University President Richard Levin announced Tuesday.
Yale will not implement a formal hiring freeze or...
Harvard endowment plunges by $8 billion 12.04.08
The Harvard University endowment shed a staggering $8 billion between July and October, a grim omen for Yale, its closest financial peer. The 22 percent decline, announced late Tuesday, dwarfs Harvard’s worst single-year return on record, a 12.2 percent drop in 1974. Because Harvard’s and Yale’s funds have historically posted similar returns, Harvard’s announcement...
Hard times, part 2 of 3: Downturn to affect University funds 11.20.08
For the nation’s best endowment managers, it was clear years ago that something in the credit markets was off. Debt was too cheap and the economy’s brisk growth was bound to peter out.
Warner House memo | Yale to curb spending 11.03.08
The boom years are over. As reports of plunging endowments and vanishing student loans sweep across the world of higher education, Yale is well-positioned to weather the economic crisis, administrators responsible for the University’s budget said. But they, too, are feeling the strain of the recession on the University’s sources of income.
Endowment rises, barely 9.15.08
The Yale endowment overcame the slumping financial markets to post a single-digit gain for the fiscal year that ended June 30, although it was outperformed by Harvard’s fund, the News has learned.
Senate scrutinizes university spending 9.09.08
Led by Sen. Chuck Grassley of Iowa, lawmakers are calling on colleges to stop sitting on their hefty endowments and, instead, use the money to help cash-strapped students. Thomas kaplan reports from Washington, D.C.
Colleges spending wisely? Discuss. 9.09.08
WASHINGTON — In the oak-paneled room on Monday, 25 of the best and brightest minds from all over the country assembled around a large square table and took turns giving their two cents on the topic of the day.
Colleges feel crunch, too 9.09.08
WASHINGTON — Princeton University President Shirley Tilghman appeared to suggest Monday that her school’s endowment posted a small but positive return in fiscal year 2008, giving more hope that Yale may also have been able to avoid losing money despite the rough economic climate.
Round table to focus on endowment spending 9.08.08
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.
