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ERIC Number: ED370497
Record Type: Non-Journal
Publication Date: 1994-Jan
Pages: 30
Abstractor: N/A
Reference Count: N/A
New England Endowments, 1977-1992. Findings from NEBHE's Annual FACTS Survey and Related Research. NEBHE Research Report.
Graham, Todd
This report compiles and analyzes endowment data for 128 New England colleges and universities with endowments valued at $1 million or more on June 30, 1992. These endowments are compared with 1977, 1982, and 1987 data. Findings reveal that: (1) the value of all New England college and university endowments grew from an estimated $3.55 billion at the end of fiscal 1977 to $16.7 billion at the end of fiscal 1992, with the majority of this growth occurring between 1982 and 1987; (2) endowment growth rates were particularly high among Catholic colleges, private 2-year colleges, regional liberal arts colleges, specialty schools, and public land-grant universities; (3) three institutions--Harvard University, Yale University, and the Massachusetts Institute of Technology--accounted for 57 percent of New England endowment funds, though they enroll less than 5 percent of the region's college and university students; and (4) half of all college and university students in New England in 1992 attended institutions with endowment levels at or below $976 per student, for which the endowment return supports only a fraction of one percent of annual expenditures. A table lists endowment market value, endowment per student, and share of 1991 budget covered by endowment for each of the 128 responding institutions. (JDD)
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: New England Board of Higher Education, Boston, MA.