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Tag: Endowment
African-American
Morgan State University Receives $20 Million Gift to Bolster Scholarship Fund
Morgan State University (MSU) has received $20 million from alumnus and philanthropist Calvin E. Tyler Jr. and his wife, Tina, to increase and expand the Calvin and Tina Tyler Endowed Scholarship Fund, which was first created in 2002. This $20 million gift is the largest alum contribution of its kind to a historically Black college […]
February 22, 2021
News Roundup
Hendrix College Receives $15 Million From Windgate Foundation, Extends Fundraising Campaign to 2023
Hendrix College has received $15 million from the Windgate Foundation, exceeding its $110 million campaign goal a year early, according to a Hendrix press release. The campaign has received $129 million, with $114 million in gifts and pledges. The campaign’s end date has been pushed back from 2021 to 2023, with a new goal of […]
November 20, 2020
COVID-19
Stanford Sees $267 Million ‘Negative Financial Impact’ From COVID-19 in March-August
Stanford University is forecasting a $267 million “negative financial impact” from COVID-19 for the March-August period, its president Marc Tessier-Lavigne wrote in a letter to the community. In the next fiscal year, he said “we expect our financial challenges to be as great or even greater,” as many income streams continue to diminish. “Housing revenue […]
May 28, 2020
COVID-19
U of Chicago Students Begin Strike, Call For Halved Tuition During Pandemic
University of Chicago students began a tuition strike Tuesday, demanding the school halve the cost of tuition and waive fees during the COVID-19 pandemic, reported the Hyde Park Herald. As of April 29, which was the spring quarter payment deadline, roughly 200 people, including undergraduates and graduate students, were withholding tuition from the school. Additionally, […]
May 1, 2020
COVID-19
Harvard University to Sell $1.1 Billion in Bonds to Lock in Lower Rates
Harvard University, the country’s richest college, is issuing $1.1 billion in bonds so it can access funding costs at a time when steep interest rate cuts have been made in response to the coronavirus pandemic, reported Bloomberg. The move is designed to lock in the lower rates, a Harvard spokesman told Bloomberg. The proceeds of […]
April 14, 2020
HBCUs
Study: Amid Pandemic, U.S. Colleges More Financially Vulnerable Than International Peers
U.S. colleges and universities are more vulnerable than international peers to financial hardships caused by coronavirus-related shutdowns, says a new study from Moody’s Credit Rating Agency.
April 13, 2020
COVID-19
Moody’s Lowers Higher Education Sector’s Outlook to Negative Due to Coronavirus
Moody’s, a credit rating agency, this week downgraded its U.S. higher education outlook from ‘stable’ to ‘negative’, as college and university operations in the country have been thrown into complete disarray due to the spread of the coronavirus.
March 19, 2020
COVID-19
Report: Pandemic May Put Financial, Enrollment Strain On Colleges
The COVID-19 pandemic, and the campus closures that have ensued, could pose significant enrollment and financial challenges to colleges and universities, according to a recent report from Fitch Ratings, a credit rating agency.
March 17, 2020
News Roundup
Georgetown Joins List of Schools Divesting from Fossil Fuel Companies
Amid pressure from student activists, Georgetown University announced it will stop investing its endowment funding in fossil fuel companies and will withdraw all previous investments in those firms. The Jesuit school cited Pope Francis’ encyclical on the environment, which called for the church to combat climate change, as one of its reasons for divesting. “The […]
February 10, 2020
Recruitment & Retention
Brown Launches Initiative to Increase Military Veteran Enrollment
Brown University announced a new initiative to increase United States military veteran enrollment over the next three to five years. Currently, there are 21 student veterans enrolled in Brown’s undergraduate program. As part of the plan, Brown will consider all prospective student veterans on a need-blind basis, increase financial aid offerings, make standardized test scores […]
November 12, 2019
Students
Princeton Theological Seminary to Finance Reparations
After a historical audit analyzed the Princeton Theological Seminary’s role in American slavery back in 2016, the institution has agreed to pay reparations. This decision comes after student activists started a public petition that received over 650 signatures and urged the trustees to take action. Virginia Theological Seminary is the only other theological institution to […]
October 22, 2019
News Roundup
Lawrence University Fundraising for Full Scholarships
APPLETON, Wis. – Lawrence University is close to reaching a level of endowment that would allow it to cover tuition and fees for students who can’t afford the school’s tuition. Tuition for the 2018-19 academic year at the Appleton university will cost almost $58,000, Wisconsin Public Radio reported. The university started a fundraising campaign in […]
April 22, 2018
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