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Huge endowments affecting U.S. education  view story
Monday, June 6, 2005
AP's JUSTIN POPE - - Baton Rouge Advocate
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Forty-seven U.S. colleges and universities now have endowments of $1 billion or more, compared to 17 a decade ago, according to the National Association of College and University Business Officers. Harvard alone has $22 billion, nearly $10 billion more than No. 2 Yale.
For American colleges, $1 billion has become a benchmark, a point beyond which schools can stop worrying about the day-to-day and dream big.
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