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> at most schools with sizable endowments. Well there's your problem, most schools don't have sizable endowments. Endowments for rich schools have performed fa

by glesica 12y ago

> at most schools with sizable endowments. Well there's your problem, most schools don't have sizable endowments. Endowments for rich schools have performed fairly well over the last couple decades, not so much for those with smaller endowments. So if you use tuition and fee money on things that might have previously been funded through endowments while you attempt to build (or re-build), it's really the same thing.

jt2190 12y ago
This is particularly true for universities like York University. (For those who didn't read the article, it's a university in Toronto and is the subject of the article.) Born in a more socialist era, the University put little effort into building up an endowment fund, since the government (i.e. "the people") would simply provide all of the money necessary to run the institution. As government funding has decreased over the last few decades, they're making greater efforts to build larger endowments, however, it'll take them a long time to catch up.
brudgers 12y ago
The tuition and fees are being used for things that have traditionally been funded by endowments rather than for things that have been previously funded by endowments. Schools with small endowments are expanding via fees in areas where other schools have used endowments to expand in the past. For example, Ben Hill Griffin gave money to the University of Florida [endowed school] to expand their football stadium. Down the road in Orlando, University of Central Florida used student fees to build an on-campus football stadium. It did not have one previously -- nor a football team to fill it until relatively recently (the DI team was also built largely based on student fees). All that construction requires fundraising and together generate lots of administrative positions, and that's where rising fees and tuition go.
smeyer 12y ago
I know that most schools don't have sizable endowments, but I also don't think most of them are diverting tuition towards their endowments.

by glesica 12y ago

jt2190 12y ago

This is particularly true for universities like York University. (For those who didn't read the article, it's a university in Toronto and is the subject of the article.) Born in a more socialist era, the University put little effort into building up an endowment fund, since the government (i.e. "the people") would simply provide all of the money necessary to run the institution. As government funding has decreased over the last few decades, they're making greater efforts to build larger endowments, however, it'll take them a long time to catch up.

brudgers 12y ago

The tuition and fees are being used for things that have traditionally been funded by endowments rather than for things that have been previously funded by endowments. Schools with small endowments are expanding via fees in areas where other schools have used endowments to expand in the past. For example, Ben Hill Griffin gave money to the University of Florida [endowed school] to expand their football stadium. Down the road in Orlando, University of Central Florida used student fees to build an on-campus football stadium. It did not have one previously -- nor a football team to fill it until relatively recently (the DI team was also built largely based on student fees). All that construction requires fundraising and together generate lots of administrative positions, and that's where rising fees and tuition go.

smeyer 12y ago

I know that most schools don't have sizable endowments, but I also don't think most of them are diverting tuition towards their endowments.