$1-million for Education
U.S. Senators Blanche Lincoln and Mark Pryor along with U.S. Representative Vic Snyder today announced that Philander Smith College and Arkansas Baptist College, both located in Little Rock, will each receive ...
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Since: Mar 08
#1 Sep 20, 2008
What in the wild wild world of sports is going on. Tax payer money to wastefully, well endowed colleges.
here is a piece from another article on Philander Smith college.
Philander Smith College is a historically black institution in Arkansas, with an endowment of about $14.5 million. Its president, Walter M. Kimbrough, said that the college typically spends between 4 and 5 percent of its endowment a year ó a proportion similar to that used at the wealthiest institutions. But Kimbrough noted that his college doesnít have professional money managers and canít afford to take much risk, so his endowment is typically earning 5 to 7 percent a year. So heís spending most (and some years all) of his endowment growth.
Endowments in the Millions, tuition costs high, Federal grants to the max. Now our politicians are fighting to give more of the money we trust them with from working our mill and factory jobs. And Many of us cant even get a job to support our families.
Arkansas Politician had best quit trying to gain our influence by spending our money so wildly. Suppose you can get a good education at one of these facilities. Dont try to stay in Arkansas to use it.
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