Higher ed funds slashed in Republican...

Higher ed funds slashed in Republican budget a

There are 3 comments on the Timberjay Newspapers Online story from Apr 30, 2011, titled Higher ed funds slashed in Republican budget a. In it, Timberjay Newspapers Online reports that:

Tuition would rise while funding for higher education would drop to levels not seen in decades under bills proposed for fiscal year 2012-13 by both House and Senate Republican majorities.

Join the discussion below, or Read more at Timberjay Newspapers Online.

“I am always right.”

Since: Oct 09

Former MN Taxpayer

#1 Apr 30, 2011
How many gazillion dollars is the U of MN sitting on their endowment fund programs?

“Sustainability Now!”

Since: May 08

Vadnais Heights

#2 Apr 30, 2011
IrishMN wrote:
How many gazillion dollars is the U of MN sitting on their endowment fund programs?
As a good capitalist, your question is amazingly irrelevant. You must know that most universities have a complex network of endowments, all restricted in various ways by their funders. Most require the principal to remain intact, such that the investment income contributes to the institution for a long time, sometimes in perpetuity.

So, what about the U's endowment fund programs, in the context of reduced state aid? It is NOT simply a pile of cash that can be doled out differently next week!

P.S. When do you wish to start on Step 2?

“I am always right.”

Since: Oct 09

Former MN Taxpayer

#3 May 1, 2011
Madaman wrote:
<quoted text>
As a good capitalist, your question is amazingly irrelevant. You must know that most universities have a complex network of endowments, all restricted in various ways by their funders. Most require the principal to remain intact, such that the investment income contributes to the institution for a long time, sometimes in perpetuity.
So, what about the U's endowment fund programs, in the context of reduced state aid? It is NOT simply a pile of cash that can be doled out differently next week!
P.S. When do you wish to start on Step 2?
You know what? I really don't care. They have a ton of money and if they are not going to find a way to use it, that is their prolem.

The money tree they have gone to for years is now dead.

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