Exact(5)
Swarthmore, a liberal arts college southwest of Philadelphia, is a small school with a substantial endowment, about $1.5 billion.
Quite apart from its generous endowment, about one-fifth of its yearly running costs are covered by the local government of New York.
A "more traditional approach" to investing would have led to an endowment about half its current size and would not have provided for "critical" initiatives like the no-loan financial-aid policy and the expansion of the undergraduate student body, Tilghman said.
But the cost of repairs is higher than the interest earned on the endowment, about $5,000 a year.
In fact, given its modest endowment (about $400 million), Oxy has a higher proportion of low-income students (represented by the number of students with federal Pell Grants) than all but two of the top 50 liberal arts colleges, as ranked by US News.
Similar(55)
The council, with headquarters in New York City, has an endowment of about $140 million and about 4,000 members, two thirds of them in New York and Washington.
NYU has an endowment of about $3.5 billion and an enrollment of about 50,000 students.
The university has an endowment of about $110 million, of which some $8 million is invested in companies still in South Africa.
For the year ended last Sept. 30, the forum had income of $62.3 million, expenditures of $61 million and an endowment of about $11.7 million.
She will be the first woman and the first African-American to head the foundation, which has an endowment of about $8 billion and distributes more than $400 million a year.
Although the museum has an endowment of about $300 million, it also has more than $170 million in outstanding bonds.
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