Privacy Policy | Terms of Use

Considering the Largest Endowments

Donald Frey (Wake Forest University, Economics Professor)  and Lynn Munson (formerly, National Endowment for the Humanities) wrote an op-ed piece in today's Boston Globe challenging the conventional wisdom of eternal saving and endowment growth. They make the case that colleges and universities would make better more effective use of endowment monies by committing to spending more- putting the money to use.

They assert that the rainy day has arrived:

"Since colleges and universities pay no taxes on their endowments or on the income they earn, the public has a keen interest in knowing whether schools are adopting payout policies that make sense. The rainy day so many colleges and universities have saved for is here. The question is whether these institutions will have the wisdom to step up spending in response."
This argument means little to most boarding schools with modest endowments. However, for the extraordinarily well-endowed boarding schools, it's perhaps fair to ask, "how can the endowment be put the best use during tight times" and "might we consider spending endowment monies differently in future prosperity?"

I've included this link to an earlier New York Times article for background reading of large boarding school endowments.

Leave a comment

Live Comment Preview

Type the characters you see in the picture above.

Email Subscription

Delivered by FeedBurner

Connect with AdmissionsQuest on

About onBoarding Schools

AdmissionsQuest's blog dedicated to boarding school admission & schools.

About this Entry

This page contains a single entry by Brian Fisher published on December 19, 2008 4:40 PM.

Brewster Academy Receives Largest Donation in History of the School was the previous entry in this blog.

Boarding School Admission Test Scores and Their Place in the Selection Process is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.