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The college with the lowest per student endowment would get the highest share.
Though he is graduating next week, Mr. Ball hopes the pressure to invest wisely will keep Wesleyan's student endowment growing, no matter how slowly.
Wesleyan's student endowment, which will be created with surplus from the activity fees paid by all students, may be the first of its kind, according to university officials and higher-education experts.
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Amherst, Harvard, Princeton, Williams, Yale and other top-tier colleges have per student endowments that approach (and in some cases exceed) $1 million.
That is significant given N.Y.U.'s relatively small per-student endowment, which makes the university more dependent on tuition checks than other institutions in its academic league.
During Dr. Tilghman's administration, the university, which already had the highest per-student endowment of any college in the country, raised vast amounts of money.
She announced her decision on Saturday in an e-mail to the Princeton community, our colleague Ariel Kaminer reports: During Dr. Tilghman's administration, the university, which already had the highest per-student endowment of any college in the country, raised vast amounts of money.
Standard & Poor's: –"Strong financial resources for the rating category, with 2008 unrestricted resources equal to 363.5% of operating expenses and 278.9% of pro-forma debt;" –"Solid niche as a selective, liberal arts college for women, with comprehensive academic programs and strong student quality;" –"High per-student endowment at June 30 , 2008 of $349,349".
Hunter Blackburn implemented the student graduate endowment scheme introduced in 2001.
The board is considering the request, which prompted campus debate about socially responsible investing and which helped fuel the idea of creating a student-run endowment, Mr. Meerts said.
And while more than three quarters of the college's operating budget comes from student fees, some endowment revenue will have to be replaced.
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