Powers discusses endowment gains after last year’s drop
Stanford Management Company (SMC) announced that its merged pool, the University’s principal investment pool, secured a 14.4 percent investment gain in the year that ended June 30, 2010.
Money
Financial aid undergoes shifts
With concerns abounding about the fiscal viability of the University’s significant financial aid commitments, Stanford announced new changes in its 2010-11 budget designed to ensure that the program can continue to meet the “demonstrated financial needs” of all admitted undergraduates.
Board moves against use of conflict minerals
The Stanford Board of Trustees moved to uphold the University’s commitment to socially conscious investment at its meeting on June 9-10. The proposal in question, which was unanimously approved by the Advisory Panel on Investment Responsibility & Licensing (APIR-L) in April, encourages shareholder companies to avoid using conflict minerals and conflict mineral derivatives.
Etchemendy: surplus projected for University budget
The provost presented Stanford’s annual budget report for 2010-2011 on Thursday before the Faculty Senate, saying the financial pressures on the University resulting from economic instability in 2008 were showing signs of lifting.
Stanford’s use of tax-exempt bonds set to continue
Universities’ use of tax-exempt bonds to fund capital projects has come under scrutiny from the federal government, introducing the possibility of increased regulation, but Stanford’s existing practices appear set to continue as normal and will face no additional oversight at the state level for now.
Pritzkers donate $10M for undergrad aid
The Pritzker family, founders of the Chicago-based Hyatt Hotels Corporation, pledged $10 million to Stanford last week to help financially needy students from Chicago attend the University.
Stanford to refinance $900M
The University plans to launch a $250 million offering as early as next week.
Terminal grad fees fall slightly
Tuition for some graduate students will go in an unexpected direction this fall: down