Cambridge Associates, the firm that manages American University's endowment, recently announced it will offer fossil free portfolios for schools looking to divest, and manage fossil free endowments.
"Parents, donors and all taxpayers deserve to know how these tax-free endowment funds are being spent," Ms. Munson said.
Grassley, the ranking Republican on the Senate committee that oversees tax policy, has written to the nation's 135 leading universities, asking them to explain what they do with their tax-free endowments.
Large, tax-free endowments "should mean affordable education for more students, not just a security blanket for colleges," said Senator Charles E. Grassley, Republican of Iowa, who is reviewing the data.
But, if art is where you're headed, such an endowment frees you.
Last week, Yale said that it would increase its annual spending from its $22.5 billion endowment, freeing up money for more aid.
Under great duress from campaigners, some of our other universities have made weird, strained nods at the concept like Concordia making a stunning three percent of its endowment fossil free, and Ottawa pledging a 30percentt lower-carbon portfolio.
Initially tuition at the school was free, funded by various endowments and rents obtained from lands the most significant arising from the Abolition of the Chantries Acts, and the re-appropriation of funds to the school.
The Dayton Art Institute went free in 1994 with an endowment from Bank One.
Admission will be free thanks to a $200m endowment from the Broads, who have set aside $340m in total for the museum.
The gift from the Eli and Edythe Broad Foundation, announced Tuesday, will create an endowment for the free after school homework centers, which offer students access to computers, printers and other devices they might not have at home, if they even have permanent homes.
