What do the huge endowments at some of our most prestigious universities do to benefit students? Yale and Harvard are coming up with some answers.
In The New York Times, January 15, 2008, Yale reported a new financial aid support package for undergraduate students that will boost University total support to more than $80 million. The goal is to help families with annual incomes up to $200,000 to afford the $46,000 cost of tuition, room and board. Yale's endowment is $22.5 billion, up 35% in the last year (the largest increase in the country).
Harvard University recently announced a related plan that will provide free tuition to students whose families make $60,000 or less a year. Harvard's endowment fund is $35 billion.
It's encouraging for major gift fundraisers and capital campaigns for endowment to have these educational leaders making a strong statement about the impact of their large endowment funds.
Tom Wilson
Author, Winning Gifts
In The New York Times, January 15, 2008, Yale reported a new financial aid support package for undergraduate students that will boost University total support to more than $80 million. The goal is to help families with annual incomes up to $200,000 to afford the $46,000 cost of tuition, room and board. Yale's endowment is $22.5 billion, up 35% in the last year (the largest increase in the country).
Harvard University recently announced a related plan that will provide free tuition to students whose families make $60,000 or less a year. Harvard's endowment fund is $35 billion.
It's encouraging for major gift fundraisers and capital campaigns for endowment to have these educational leaders making a strong statement about the impact of their large endowment funds.
Photo courtesy of www.companysj.com
Tom Wilson
Author, Winning Gifts
Permanent Link: Huge Endowments at Universities Make an Impact
http://majorgiftsguru.com/2008/01/huge-endowments-at-universities-make.html
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