College Endowments: Rich Get Richer
New figures on university endowments confirm it’s not just the “haves” and “have nots” in academe these days. Beyond the great majority of colleges, there’s a growing group of the newly rich schools, and — at the top of the heap — a tiny cadre of ultra-wealthy institutions.
The latest endowment figures from NACUBO, a college business officers’ group, highlight the growing prosperity but also the stratification among elite universities. That development is creating tension.
Education is a good investment.
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Tags: college endowments, colleges, education, universities, university endowments
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