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Amid Financial Headwinds, Some Colleges Are Digging Deeper Into Their Endowments. Will More Follow? chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chronicle.com Daily Mail and Mail on Sunday newspapers.
Donors, including a former trustee, challenge Webster University's reclassification of endowment funds, sparking a legal battle over donor intent. Continue reading for more details. ....
Beset by financial challenges, the university is seeking to reclassify $34 million in endowment funds to meet liquidity obligations for a $30 million loan. Reeling from financial challenges and leadership turnover, Webster University is seeking to lift restrictions on $34.4 million in endowment funds to fulfill the conditions of a loan agreement. But it will first need a court’s permission. ....
Transitions: George Washington U. Selects Interim Leader; New President Named at Wheaton College, Mass. chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chronicle.com Daily Mail and Mail on Sunday newspapers.