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Published online 31 December 2008 | Nature 457, 11-12 (2009) | doi:10.1038/457011a
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Universities struggle as value of endowments falls
Tough decisions need to be made about how to cut costs.
Some large research universities have suffered double-digit declines in their multibillion-dollar endowments since the autumn credit crunch and stock market collapse. The endowments have also become increasingly cash-poor precisely when they might be expected to compensate for downward pressures on academic budgets.
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i have little sympathy for institutes and universities with large endowments. regardless of the value of their endowments the centers increase the tuitions and fees of the students year after year. i'm supposed to feel sympathy for the admin sitting on a nest egg of billions. i've seen the inner workings. i know better. i'll save my mirror neurons for someone that deserves my empathy.