Google CEO, wife create $25M endowment at Princeton for technology developmentOctober 13th, 2009 Google CEO creates $25M endowment at PrincetonTRENTON, N.J. — Google CEO Eric Schmidt and his wife have given $25 million to start an endowment fund at Princeton University.
Report: Stanford University portfolio shrinks 26 percent, fund value falls $5.9 billionSeptember 23rd, 2009 Report: Stanford Univ. portfolio shrinks 26 pctPALO ALTO, Calif.
InfoSpace names independent investor Braden Kelly to its board of directorsSeptember 21st, 2009 InfoSpace names new board memberBELLEVUE, Wash. — InfoSpace Inc.
Amid recession, Harvard University's endowment falls to $26 billion, down more than 27 percentSeptember 10th, 2009 Harvard's endowment drops sharply amid recessionBOSTON — The total value of Harvard's endowment plunged nearly 30 percent in the last fiscal year as the Ivy League institution's portfolio was battered by the worldwide recession, the university's management company said. The endowment stood at $26 billion on June 30, after distributions and donations, the university said Thursday.
Yale reports 30 pct drop in endowment from last year, spending cuts plannedSeptember 10th, 2009 Yale endowment falls 30 pct from year agoNEW HAVEN, Conn. — Yale University says its endowment has fallen 30.4 percent from last year, and the school is planning more budget cuts, but no layoffs.
Brown University reports steep drop in value of endowment; down 27 percentSeptember 10th, 2009 Brown University reports steep drop in endowmentPROVIDENCE, R.I. — Brown University is reporting a steep drop in its endowment.
Stanford University lays off more than 400 employees as value of endowment plummetsSeptember 2nd, 2009 Stanford lays off hundreds as endowment shrinksPALO ALTO, Calif. — Stanford University has laid off 412 employees over the past eight months and plans an additional 60 layoffs later this year to offset a steep drop in the value of its endowment.
Citigroup names 2 senior executives to lead Asia Pacific operationsJuly 6th, 2009 Citi names 2 senior execs to lead Asia operationsHONG KONG — Citigroup Inc. said Monday it was naming two senior executives to lead its Asia Pacific operations after the previous head of the region resigned.
Citing dropping endowment, Harvard to cut 275 jobs, or about 2 percent of work forceJune 23rd, 2009 Harvard to cut 275 jobs, cites dropping endowmentCAMBRIDGE, Mass. — Harvard University is cutting 275 staff jobs as fallout continues from the school's dropping endowment.
World's richest foundation suffers from recession, but remains the biggestJune 9th, 2009 Economic downturn hits world's richest foundationSEATTLE — The Bill & Melinda Gates Foundation may be the world's richest charitable foundation, but that hardly shields them from the economic downturn. Between January 2008 and April 2009, the foundation saw its assets drop from $39 billion to $27.5 billion.
Obama nominates former GOP congressman to chair National Endowment for the HumanitiesJune 3rd, 2009 Obama picks former GOP rep to head Nat'l EndowmentWASHINGTON — President Barack Obama has nominated former Republican Rep. Jim Leach as chairman of the National Endowment for the Humanities.
Ernest May, former Harvard College dean who oversaw undergrad changes, dies at age 80June 2nd, 2009 Ex-Harvard College dean Ernest May dies at age 80CAMBRIDGE, Mass. — Harvard University history professor and former dean Ernest May has died.
Broadway producer Rocco Landesman nominated as chairman for National Endowment for the ArtsMay 13th, 2009 Broadway producer nominated to lead Arts EndowmentWASHINGTON — Broadway producer Rocco Landesman has been nominated as the next chairman of the National Endowment for the Arts. The White House announced Landesman's nomination Tuesday.
Trustee sues overseas money manager, saying should have known about Madoff schemeMay 12th, 2009 Trustee sues money manager in Madoff caseNEW YORK — The trustee overseeing the liquidation of disgraced financier Bernard Madoff's assets has sued another investment fund. The lawsuit filed Tuesday in bankruptcy court in Manhattan accused the Harley International Ltd.
Sunil Mittal joins US think tank boardMarch 28th, 2009 WASHINGTON - Sunil Mittal, chairman and managing director of India's Bharti Group, has joined the Board of Trustees of the Carnegie Endowment for International Peace, a Washington think tank. 'As we transform the Endowment into the first multinational-and ultimately global-think tank to find solutions to increasingly global problems, I can think of few better people than Sunil to help us achieve that goal,' said Endowment president Jessica T.
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