Name: The Funding Strategies Behind U.S. Colleges: Stocks, Tuition and More | WSJ（The Funding Strategies Behind U.S. Colleges: Stocks, Tuition and More | WSJ）
Uploaded: 2024-04-29T20:52:57.000Z
Duration: 8 min 22 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

- Columbia University alumnus Robert Kraft

says he is not comfortable supporting the school.

様態の副詞

- Are you still supporting Harvard financially?

- [Speaker] These are just some of the many wealthy donors

who have threatened to pull support from universities

aren't the only thing keeping schools running.

and university administrators are gonna say, oh my god,

'cause I'm worried about a $25 million gift

when you have $50 billion in the bank, it's ludicrous.

- [Speaker] To explain how colleges stay afloat,

we asked former university president Morton Schapiro

to break down the finances of three schools

and what changes mean for the future of higher ed.

and I've been really fortunate to be president

of two institutions with very large endowments.

- [Speaker] Endowments are big funds typically collected

- You only take enough of it so that you can support

So the endowment is an investment in the future.

- [Speaker] In 2023, Northwestern took about 674 million

which is the standard amount schools take

you're probably gonna erode the real value of the endowment.

If you go much below it, then it's unfair

to the current generation of faculty, students, and staff.

I think you should take a higher percentage.

of Northwestern's endowment made up more than a fifth

of the school's operating revenue in 2023.

- When you have the kind of wealth that Northwestern

and its peers have, that gives you a lot of flexibility.

- [Speaker] Schools with large endowments

depend less on other slices of the revenue pie,

- You can support study abroad activities

and you can support all kinds of internships.

- [Speaker] It also speaks to the range of students

and like many peer institutions, much greater than it was.

Even while I was president, I started in 2009.

of students at private nonprofit universities

That's partly due to those ballooning endowment funds.

Northwestern's has grown more than six times since 2001.

because of equity markets, you know, stocks

and also private equity investments in the returns

- [Speaker] But a lot of that wealth is concentrated

about attracting students, in many cases,

undergrads who can pay the sticker price.

Private colleges, they are not getting state support.

- [Speaker] Like at Hamilton College in upstate New York

despite Hamilton's large $1.3 billion endowment,

You better make sure you're gonna continue to be able

to get the students and you know, fill the dorms

of them paying at least close to the sticker price.

that the school admits students without regard

to financial need and that the school is fortunate

even more dependent on tuition than Hamilton.

- Small schools that really are almost completely relying

You know, they're not gonna admit a lot of students

The Funding Strategies Behind U.S. Colleges: Stocks, Tuition and More | WSJ（The Funding Strategies Behind U.S. Colleges: Stocks, Tuition and More | WSJ）

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The Funding Strategies Behind U.S. Colleges: Stocks, Tuition and More | WSJ（The Funding Strategies Behind U.S. Colleges: Stocks, Tuition and More | WSJ）

privilege

vast

tremendous

devastating