Yale decides it can afford to spend a little more from its endowment
January 8th, 2008
Another attempt to head off government regulation of college endowments.
Yale Plans to Increase Spending From Its Endowment – New York Times
Facing pressure from Congress and some donors to use more of its multibillion-dollar investment gains, Yale University announced Monday that it would increase the amount of money it spent from its endowment next year by nearly 40 percent.
Because otherwise, they might be required to spend five percent of it’s endowment like other foundations. But for some reason, colleges think that they need more flexibility than other non-profits.
Yale Plans to Increase Spending From Its Endowment – New York Times
Dr. Levin said universities should be allowed to determine how much of their long-term assets it would be prudent to spend. “You wouldn’t want to mandate a spending rate,” he said.
And other foundations shouldn’t be allowed that freedom because…?
Technorati Tags: College endowments, College finance, Yale,
See also:
- Numbers that matter: college graduation rates (December 11th, 2008)
- Because bigger is better… (November 29th, 2008)
- Randolph-Macon College (January 26th, 2008)
- College Admissions Selectivity Equals Quality? (January 25th, 2008)
- Albion College (January 11th, 2008)
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