Endowments Aren’t Blank Checks — but Universities Can Rely on Them More Heavily in Turbulent Times
The Chronicle of Philanthropy
APRIL 22, 2025
The law permits most colleges and universities to increase spending from their endowments in light of financial pressures, the author argues. By Ellen P. Aprill Charles Krupa, AP photo Harvards endowment totaled more than $53 billion in 2024. Above, visitors at the statue of John Harvard at the school. The law permits most colleges and universities to increase spending from their endowments in light of financial pressures, the author argues.
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