Tag: endowment

JHU President and His Wife Help Fund $1M Endowment for First-Generation Students

0

Johns Hopkins University

Johns Hopkins is making another power play to support its undergraduate students, this time for those who are among the first in their families to attend college.

Some Baltimore-Area Schools Are Financially Fit… And Some Are Not

0

1219

If you’ve paid a tuition bill lately, you may find it difficult to believe that many colleges and universities are at risk of running out of money. But according to Forbes, many schools — especially those considered “non-elite” — are having trouble keeping their endowments up, attracting students, and offering a high quality education at the same time. “In some ways colleges operate like prestige-seeking liquor brands,” Matt Schifrin writes. “In other ways they are more like Macy’s offering regular sales days, only quietly.” According to the magazines’ “financially fit schools” ranking, only two Baltimore-area universities can consider themselves A or B students when it comes to having healthy finances.

MICA Rakes in the Money

0

Lucky MICA — the art school just received its biggest gift ever, from trustee/heir to the Noxema fortune George Bunting and his wife, Anne Bunting.

The $10 million endowment tops the $6 million that Eddie and Sylvia Brown donated in 2003, which helped build the Brown Center — that big glowy building that kind of looks like a super-sized Apple StoreThat gift trumped earlier donations from — you guessed it — the Buntings, who got the big (but less spectacular) Bunting Center named after them. Sound like a biggest-donor bidding war to anyone else?

Thankfully, though, the Buntings haven’t insisted that an even bigger, glowier building be erected in their honor. Instead, the just-donated funds are earmarked for the expansion of grad programs and research activity:
“With the Buntings’ support, MICA will be able to provide graduate students with scholarships and artmaking and technological resources, as well as offer students the flexibility and freedom to explore problem solving in an intensely thorough fashion.”

Which lines up nicely with MICA’s aim to expand its graduate school offerings in the years to come — they plan on upping grad enrollment by 64 percent by the end of the decade.

 

(photo by Flickr user Thomahawk1)

Guides