Endowments

September 17, 2019 - 11:13 pm
LOS ANGELES (AP) — The University of California is dumping fossil fuel investments from its nearly $84 billion pension and endowment funds because they are a financial risk, its top financial officers announced Tuesday. "Our job is to make money for the University of California, and we're betting...
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FILE - This April 20, 2016, file photo shows the Salt Lake Tribune in Salt Lake City. The Salt Lake Tribune has announced plans to become a nonprofit as it moves toward a nontraditional model that it hopes will ensure long term stability after years of financial struggles. Salt Lake Tribune editor Jennifer Napier-Pearce said Wednesday, May 8, 2019, the move is aimed at finding a better way to fund the newspaper's operations because declines in advertising and circulation revenues that have plagued the industry seem irreversible. (AP Photo/Rick Bowmer, File)
May 08, 2019 - 7:49 pm
SALT LAKE CITY (AP) — The Salt Lake Tribune announced plans Wednesday to become a nonprofit as it moves toward a nontraditional model that it hopes will ensure long-term stability after years of financial struggles fueled by declines in advertising and circulation revenues. The plan for the Utah...
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FILE - This March 12, 2019 file photo shows the University Village area of the University of Southern California in Los Angeles. The past year has been a bruising one for the Los Angeles university. The president who helped boost the school's endowment above $6 billion had to step down amid investigations into a medical school dean accused of smoking methamphetamine with a prostitute who overdosed, its longtime gynecologist was accused of sexual misconduct by hundreds of women he examined over decades and an assistant men's basketball coach pleaded guilty to charges stemming from an FBI probe of corruption in college basketball. (AP Photo/Reed Saxon,File)
March 17, 2019 - 11:40 am
LOS ANGELES (AP) — Roy Nwaisser has four degrees from the University of Southern California and is a superfan of its storied football squad — he hasn't missed a home or away game in 27 years. But his devotion has been tested by a series of scandals culminating with the school's starring role in a...
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FILE - In this Aug. 30, 2012, file photo, a tour group walks through the campus of Harvard University in Cambridge, Mass. Hundreds of U.S. universities made strong returns on their financial investments last year, but experts worry the gains could be jeopardized by increased spending at many schools. Harvard University remained the wealthiest school in the nation with an endowment valued at more than $38 billion (AP Photo/Elise Amendola, File)
January 31, 2019 - 12:09 am
WASHINGTON (AP) — Hundreds of U.S. universities made strong returns on their financial investments last year, but experts worry the gains could be jeopardized by increased spending at many schools. A survey of more than 800 colleges and universities found that their endowments returned an average...
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January 31, 2019 - 12:07 am
WASHINGTON (AP) — Colleges made strong returns on their financial investments last year, but experts worry the gains could be jeopardized by spending increases. A survey of more than 800 schools found that their endowments returned an average of 8.2 percent in 2018, a decrease over the year before...
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FILE- In this Dec. 13, 2011, file photo Microsoft co-founder Paul Allen looks across at a model of a giant airplane and spaceship he plans on building, during a news conference about the plane in Seattle. Prior to his death on Monday, Oct. 15, 2018, Allen invested large sums in technology ventures, research projects and philanthropies, some of them eclectic and highly speculative. Outside of bland assurances from his investment company, no one seems quite sure what happens now. (AP Photo/Elaine Thompson, File)
October 18, 2018 - 6:27 pm
SEATTLE (AP) — Prior to his death on Monday, billionaire Microsoft co-founder Paul Allen invested large sums in technology ventures, research projects and philanthropy, some of it eclectic and highly speculative. What happens to those commitments now? Outside of bland assurances from his investment...
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Gov. Phil Bryant, right, and author Eudora Welty niece Mary Alice Welty White, second from right, admire the inaugural Mississippi Writers Trail marker honoring Welty in Jackson, Miss., Monday, Sept. 10, 2018. The celebrated writer was the winner of the Pulitzer Prize, The Presidential Medal of Freedom and the French Legion of Honor. Welty typically drew upon her native state for the settings of her fiction and photography. (AP Photo/Rogelio V. Solis)
September 11, 2018 - 1:59 pm
JACKSON, Miss. (AP) — Mississippi has markers noting a blues trail, a country music trail, a civil rights trail and even an Indian mound trail. Now, with the dedication of a marker to the late author Eudora Welty, the state is starting a writers trail. Gov. Phil Bryant and National Endowment for...
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FILE - In this Monday, Nov. 11, 2013 file photo, Belgium's Prince Laurent, front right, and Britain's Prince Philip, front left, participate in a special Armistice Day ceremony under the Menin Gate in Ypres, Belgium. The Belgian parliament on Friday, March 30, 2018 has withdrawn part of the endowment of the ever-controversial Prince Laurent after he showed up at a Chinese diplomatic function in military uniform without the consent of the government. (AP Photo/Virginia Mayo, File)
March 30, 2018 - 6:43 am
BRUSSELS (AP) — The Belgian parliament has cut the endowment of the ever-controversial Prince Laurent after he showed up at a Chinese diplomatic function in military uniform without the consent of the government. The House of Representatives voted early Friday by 93 votes to 23 for a one-time cut...
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January 25, 2018 - 12:04 am
BOSTON (AP) — Hundreds of U.S. universities made big returns on their financial investment last year, marking an upswing after two sluggish years, according to a new study. The survey of 800 schools found that the value of the average college endowment grew by 12.2 percent in fiscal year 2017,...
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