ERIC Number: EJ539539
Record Type: CIJE
Publication Date: 1997
Pages: N/A
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-0009-5982
Macalester is Rich on Paper, But It Doesn't Control Its Wealth.
Healy, Patrick
Chronicle of Higher Education, v43 n19 pA37-A38 Jan 17 1997
Half the endowment of Macalester College (Minnesota) is controlled by the Readers Digest Association, not the college. Macalester can not sell the poorly-performing stocks. Income from the stocks supports a need-blind admissions policy. Some faculty feel the endowment should be used to further enhance the college's distinctiveness. (MSE)
Descriptors: Administrative Policy, College Administration, College Admission, Educational Finance, Educational Policy, Endowment Funds, Higher Education, Money Management, Power Structure, Private Colleges, Program Administration, Reputation, School Business Relationship, Small Colleges, Student Financial Aid
Publication Type: Reports - Descriptive; Journal Articles
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: Institutional Image; Macalester College MN; Need Blind Admission; Readers Digest Association Inc
