with an endowment of ~$189M they should be able to last another 20 years, but then again, then they'd have to use their own money
Posted on 05/20/2017 2:19:54 PM PDT by ameribbean expat
The first all-female college in the United States to admit male undergraduate students who identify themselves as female officially declared a “financial emergency” earlier this week.
The women’s school in dire economic straits is Mills College in Oakland, California, reports Inside Higher Ed.
The board of trustees announced that Mills is currently running a $9 million yearly operating deficit. The $9 million shortfall is about 16 percent of the school’s 2017 budget of $57 million.
The budgetary crisis will cause professors and administrators to lose their jobs, trustees said. Also, there is a plan in the works to restructure the curriculum.
(Excerpt) Read more at dailycaller.com ...
Are the two events related? Did enrollment drop because of it or something?
If they pull money out of the endowment, then future investment income is permanently reduced.
And if they are looking at a $9 million structural deficit every year, that endowment will be exhausted after a period of years, if they had to hit the endowment every year. They could pull the $9 million out, but unless they also trim back future budget deficits, they are still in huge financial trouble longer term.
That’s actually a good long debate question. There are so many different aspects to that one heh.
Wow! No all male colleges, but they are all government sponsored. Then we see a women’s college(with freaks attached), and STILL government sponsored. Something smells non-fishy here.
“Randolph-Macon and The Citadel...”
Randolph-Macon was two schools, one all male and an all female school in Lynchburg, VA.
R-M Womens school went co-ed a couple or so years ago, long after the Mens school went co-ed.
VMI (Virginia Military Institute) was one of the last military schools to accept women.
They fought it but had trouble pulling the money together and the military was said to have threatened to stop offering graduates entry as officers.
Good news...Now ICE needs to get a copy of those admissions for further action, if needed.
There’s another all-male college. I think it’s Hampton-Sydney.
Budget is over $40,000 per student; average of fewer than four graduates per major offered.
>> Why not just pull $9 million out of the endowment to cover the shortfall? <<
Don’t know about Cali, but in Massachusetts, the law prevents them from doing so. Harvard has a $40 billion “endowment” and during the recession, it was unable to cover basic costs.
an educated transvestite is a peril to America
>> The new curriculum — “a bold new education experience” called MillsNext — “will provide students with the tools and confidence to solve complex problems, communicate across differences and take action aimed at transforming their communities and the world,” according to documents obtained by Inside Higher Ed. <<
The tools and confidence to solve complex problems? I would thing passing Logic, Epistemology, Calculus, Differential Equations, Linear Algebra, Complex data structures, Algorithms, etc., should give someone plenty of confidence. Oh, they didn’t really mean the tools to solve complex problems; they just meant the tools to butt their noses in and try to control people.
Oh yeah...That’s right...I forgot about H-S...
Sounds good but you don’t get many doctors,or stem degrees that route.
Private college used to be girls school. The Vassar of the west coast. A joke for many years. Hope they go belly up
“Rec’d from L/A Fire and Police Employees’ Pension Fund 2015: $1,164,022.65 annual”
Something does not sound right. I could see someone take $1,164,022 as a lump sum payment with no future benefits
but over a $1,000,000 a year. Please confirm source.
with an endowment of ~$189M they should be able to last another 20 years, but then again, then they'd have to use their own money
If I’m not mistaken, Mills in the 1990s was going to be co-director, but the ‘ladies’ didn’t want men around...
If I’m not mistaken, Mills in the 1990s was going to be co-director, but the ‘ladies’ didn’t want men around...
I hate my phone auto correct!! Co-director is SUPPOSED TO BE CO-ED...Sorry...
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