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In a letter posted Sunday on the college's Web site, the interim president, Bill Wagner, said that as a result of a $500 million drop in Williams's endowment, "it now seems prudent to reintroduce modest loans for some aided students, beginning with the class that enters in the fall of 2011".
Separate from its $10 billion endowment, it keeps a reserve of about $1.7 billion in cash and investments.
Harvard has a huge endowment, far bigger than any other university's, and despite the constant and legitimate need to build up that endowment, it doles out its money wisely, to build new lecture halls and labs and hire new professors and give ever more generous financial aid.
At Harvard and Yale, with the largest endowments in the country, Pell enrollment was near the 15 percent average for the 50 most competitive colleges; at Princeton, with the largest per-capita endowment, it was lower, 12 percent, though its officials say the rate is higher for the freshman class starting this fall.
And if it needs money for an endowment, it should ask for one directly: as a gift from its members, accounted for in their budgets.Like its interior decor, the fund now straddles two eras, unsure which is future and which past.
If the Washington Post had a two billion dollar endowment, it would be able to fund a very healthy newsroom.
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Rail will need to maximise the energy efficiency and speed endowments it has to regain competitiveness.
When one thinks about all the organizations funded by these endowments, it's difficult to see the NEA as so easy to brush off.
Recipe for Success If I had to choose the single best element for athletic success besides innate physical and biomechanical endowments, it's cross training.
But, to the extent that this seminar -- the proceedings of which we plan to publish as a book -- has stimulated policymakers' thinking about both the complexities and successful examples of managing natural resource endowments, it will have met our objectives.
24 Foundation Is Out of Money The Barnes Foundation near Philadelphia has depleted its endowment, leaving it without money to care for its revered art collection.
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