RSI Corporate - Licensing

Sharp Drop Is Seen in Gifts to Colleges and Universities

The New York Times – Tamar Lewin

“Gifts to colleges and universities declined almost 12 percent in the 2009 fiscal year, to $27.85 billion, according to the Council for Aid to Education’s annual survey of voluntary support of education. It was the steepest decline in the survey’s 53-year history.”(more)

Investment Losses Cause Steep Dip in University Endowments, Study Finds

The New York Times – Tamar Lewin

“Reflecting the difficult financial environment for higher education, university endowments lost an average of 18.7 percent in the last fiscal year, the worst returns since the Great Depression, according to a study of hundreds of public and private institutions.”(more)

Cambridge University follows Ivy League trend with £400m bond issue

The Times – Alexandra Frean

“For 800 years the University of Cambridge has stood solid as a rock, independent and, as universities go, strikingly rich. Not once has it ever resorted to significant borrowing to make ends meet. Now, however, it is planning to raise up to £400 million from its first bond issue, following a trend set by Ivy League institutions in the United States to turn to the money markets for funding.”(more)

CMU, Pitt endowments post steep losses in 2009

Pittsburgh Business Times – Malia Spencer

“Both Carnegie Mellon University and University of Pittsburgh saw losses of more than 20 percent in their endowments year-over-year, according to the institutions’ year-end financial reports.”(more)