COLLEGE ENDOWMENTS
January 23, 2006 | Read Time: 1 minute
Savvy investments are helping to increase the gap between the nation’s wealthiest colleges and universities and other higher-education institutions, reports the Wall Street Journal and The Chronicle of Higher Education. Fifty-six colleges in North America have endowments worth more than $1-billion, which is nine more institutions than were that size a year ago, the Journal reports. Stanford University has been able to climb to No. 3 on the endowment list (just behind Harvard and Yale) in large part because of its investments in technology companies started by its alumni, the Journal notes.
(See also The Chronicle’s survey of endowments at the nation’s biggest institutions. Paid subscriptions are required to read these articles.)
