Education

Montclair State Receives Largest Anonymous Gift in its History
April 8, 2009

April 8, 2009 — Montclair State University has been the recipient of the largest anonymous gift in its history. The University was presented with a surprise $5 million gift by a representative of the donor late last week. Most of the funds are designated for scholarships for women and minorities. The University has absolutely no information about the identity of the donor, but the representative of the donor is from a bona fide and substantial organization.

Princeton Endowment May Fall by 30 Percent
April 8, 2009

Princeton, N.J., April 7, 2009, The Daily Princetonian — Revised projections that the University endowment will lose 30 percent of its value by the end of this fiscal year have forced administrators to cut next year’s budget by $88 million, President Tilghman announced in an e-mail to the campus community Monday morning.

Yale Gets $50 Million Gift for Global Affairs Center
April 3, 2009

HARTFORD, Conn., April 3, 2009, Newsday — Yale University will use a $50 million gift from a New Jersey couple to launch a new global affairs program designed to better prepare students for careers in diplomacy and other international jobs, school President Richard C. Levin said Friday.

Panda Express Helps Ease Local Budget Crisis
March 26, 2009

Panda Express launches a Community Fundraising program in support of schools and local organizations affected by the budget crisis. Organizations in need of fundraising opportunities are encouraged to contact their local Panda Express restaurant to sign up for a fundraising event where 20 percent of sales during the event will be donated back to the organization. Over $350,000 is expected to be raised during the 12-week program.

U.S. College Endowments Lost 24 Percent in Six Months
March 5, 2009

US colleges and universities lost nearly one-quarter of their endowments' worth in the first half of their fiscal year, forcing them to cut staff and budgets just like corporations hurt by the financial crisis.