“the university has an endowment,”
THERE ya go!
Of boo hoo, boo hoo, its soooooo sad!!! /sarc
Yeah, but I’ll bet their DEI and Transgender programs’ budgets are growing steadily!
Fire the useless DEI staff. That will save more than $46 million.
“Faculty growth has outpaced student enrollment growth”
Too many tenured professors making $400K teaching one course/semester.
“ hold faculty headcount growth to 1%” and freeze staff growth. Brown also plans to bring in more money from its master’s programs by “ultimately…”
How about an admin headcount?
How about looking at the CFO
College students are notoriously poor
Quit ripping THEM off
The Browns, who founded Brown University, were slave owners. The University profited from slavery.
According to the liberals own criteria, Brown University should pay reparations out of their endowments
It’s not the money you have, it’s how it is spent.
Wealth dies when you aren’t using it to create more wealth.
The will not do the obvious solution which is to fire all of the dead-weight administrative staff.
I am sure that Brown’s endowment could handle many years of such a deficit.
This is not the first down time in the 200 years history of the Ivy League.
Nothing changes till the money runs out. .
If I win the lottery tomorrow, I would tend to make more stupid decisions.
If I lose my job or pension, I hope I make better decisions.
There is a range of good and bad decision. When I worked with excons, we used to say they couldn’t make two good decisions in a row.
We are going to see more better decisions, but the stupid decisions NEVER go away.
Confiscate their endowment and give it to white males displaced by H1-Bs.
Too many ‘professors’ and not enough students..............
BTTT
Time to trim the fat ... any tenured lard-butt that is not teaching at least 4 classes a day gets sacked. That and drop any ‘studies’ programs they have.
$7.2 Billion endowment. Taking a reasonable 4% per year, there should be a sustainable $288 million a year thrown off even without any new contributions ever.
Of course, if they limit themselves to progressive investments, returns are likely lower.
These university “endowments” are often in illiquid assets like real estate, intellectual property, or preferred shares with long lock-up periods.
these endowments generally do supply cash dividends, but its surprising how much their daily operations are funded by tuition, and also cash donations from alumni.
I got in major trouble when I proposed a smaller budget from the previous year's, with a few obvious cuts in spending.
Chastened, I corrected my "errors" with a quick spending spree, and all was forgiven.
excuse me let me wipe my eyes, the sadness I feel for Brown University is indescribable