Showing posts with label KU endowment. Show all posts
Showing posts with label KU endowment. Show all posts

Monday, December 29, 2008

KU scores 0

Good job KU in losing all that money on the stock market instead of distributing those endowment funds to the students as intended by the donors.

"KU Endowment, the official fundraising foundation for the University of Kansas, is cutting its distributions for scholarships, lectures and academic programs by 10 percent next school year. The foundation saw its investment portfolio decline by 39 percent - from $1.22 billion on June 30 to $747 million on Nov. 30."

KU is basically using generous endowment funds to play the market instead of giving those funds to the students. This is outrageous. Losing 473 million dollars. Instead of cutting scholarships, lectures and academic programs, fire people in charge of KU Endowment Foundation.

In addition, I suggest KU stop playing the stock market with the remaining 747 million and use those funds as intended by the donors and reduce tuition and give the the rest to KU students in the form of scholarships not based on race/gender.