Many college and university trustees say money matters are the biggest challenge their boards face. This article discusses the results of "The Chronicle's" survey of the fiscal condition of public and private colleges. According to the survey, board members of four-year institutions are grappling with how to pay for new buildings and how to repair old ones. They are worried about fast-growing expenses and slow-growing endowments, and in some cases, they focus on annual deficits that threaten the very life of the institution. About two-thirds of trustees at both public and private colleges described their fiscal condition as "somewhat healthy" but facing possible financial ills in the future. Among all trustees, those at private nondenominational colleges were most likely to diagnose their institutions as not healthy. Trustees at the biggest institutions seem to hold the most positive view of their colleges' financial health.