7/7     Endowment per student:
        Princeton: $1,492,065
        Harvard:   $1,147,146
        $tanford:  $  602,217
        Cal:       $   61,594
        \_ Interesting discussion of endowments in the Ivy League:
           http://www.ilr.cornell.edu/cheri/wp/cheri_wp16.pdf
           The 90's drastically increased the wealth gap among universities,
           even just within the Ivy League.
        \_ rich private, rich private, rich private, PUBLIC SCHOOL.
           get a life, eat shit, go away, etc.
           \_ it would be interesting to see how much UT Austin's endowment/
              student is since I believe their endowment is second only to
              Harvard's in absolute terms
        \_ Yes we know. We got the same pamphlet in the mail.
        \_ Why? Because Princeton treats their students like a mother treats
           her children, whereas Berkeley treats their students like the
           real world treats them. Berkeley treated me like SHIT, why should
           I donate a single penny. If they want us to donate anything,
           maybe they should cut costs on stupid things like athletic
           equipments and field upgrades and spend it on BASIC things that
           matter, like better/more housing, less student-to-prof ratio
           in introductory classes so that we don't have to CRASH them
           all the time. Also the L&S administrators are aloof and don't
           seem to care about anyone. And while I'm at it, they just should
           do something about long lines and red tapes. Oh well, it'll never
           happen.
        \_ So?  Cal also has more students.  What do you expect?
        \_ So?  Cal also has more students.
        \_ But Cal is also funded in part by the state (although that
           funding is drying up), so in a sense all Californians are
           endowing it.
           \_ you're not exactly clear what is meant by "endowment" here,
              are you?
              \_ No, I'm not, are the numbers meant to be total endowment
                 amount or just private endowments? When figures like this
                 are posted one tends to automatically think "private
                 endowments." If that's the calculation including public
                 endowments then it is a sad state of affairs. However,
                 does public endowments automatically include what the
                 state directly and indirectly supports? What about
                 endowments to graduate programs?
                \_ My endownment is large and tax free.
        \_ Cal doesn't invest the donations it recieves, it spends them
           as fast as it can. Otherwise, the State would give it less
           money.
           \_ do you see cal's spending habits as a good thing?  wouldn't it
              be nice if uc or at least cal wasnt entirely depending on ever
              shrinking funds from the state?  had they invested all the money
              all these years instead of whatever they did with it, would cal
              be better off financially today?
              \_ If Cal had invested it, Davis or Schwartzenneger would have
                 just raided it the first time they got in trouble. AFAIK,
                 Cal mostly built buildings with it, which is fine by me.
                 \_ Not if it is in some trust for that purpose.  What would
                    have happened is the UC system would have ended up
                    financially independent and got nothing from the state
                    except maybe a capital expenditures budget.  Ya know...
                    buildings.
                    \_ Why do you think there is no such trust? The Trustees
                       of the UC aren't political naifs. They know that the
                       existence of a huge enodowment would prove irresistible
                       to greedy politicians. They would use it as an excuse
                       to cut the UC budget entirely.
                 \_ Or the unions would just strike until they got it.
                    It's useful to be able to say you don't have any money
                    in a public organization.  School districts expend an
                    incredible amount of effort on hiding money from the
                    teachers unions so that they have some for something
                    else.