The University is monitoring sustainable investment developments across the Ivy League in light of recent demonstrations and policy changes across peer institutions, although it considers it is still too early to make a decision. Harvard President Drew Faust recently announced Harvard’s commitment to the United Nations’ Principles for Responsible Investment, aimed at tackling climate change.
Former Chairman of the Federal Reserve Ben Bernanke has joined the Brookings Institution, a bipartisan economic think tank, as a distinguished fellow in residence. Bernanke, who served two four-year terms at the Fed, was an economics professor at the University from 1985 until 2005.
Total undergraduate fees will increase 4.1 percent in the 2014-15 school year, according to the annual operating budget report released by the University’s Priorities Committeeon Monday. The report calls for a total operating budget of $1.6 billion, a slight increase from last year’s $1.58 billion budget. As the University’s finances continue to recover from the financial crisis, the report forecasted budget deficits starting in 2015 for the following six years, as well as the possibility of lower endowment returns in the near future. “We must maintain financial discipline in the years ahead and reset community expectations for growth that were driven by exceptionally favorable long-term investment conditions unlikely to recur in the foreseeable future,” University ProvostDavid Lee GS ’99 wrote in a letter introducing the report.
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Several campus organizations have had their events cancelled or seen reduced participation due to concerns by outside groups over the outbreak of bacterial meningitis at Princeton.The Big Sibs mentoring program by the Class of 2016 has had two events with its elementary school mentees cancelled, and a Princeton Disabilities Awareness event this weekend saw much lower attendance than predicted.
University President Chrisopher Eisgruber ’83 said higher education was still a worthy investment during a Q&A on Friday in Richardson Auditorium as part of this weekend's "Many Minds, Many Stripes" conference for graduate alumni During the 45-minute conversation, Eisgruber spoke about his vision for the University, as well as graduate student life and education. When asked about the largest challenges facing the University, Eisgruber reiterated his belief that higher education was coming under pressure, a theme he stressed at his Installation ceremony in September. “People are asking questions about the value of education.
The University’s endowment returned 11.7 percent in fiscal year 2013, falling in line with other recently announced returns across the Ivy League.
The University’s endowment returned 11.7 percent in fiscal year 2013, falling in line with other recently announced returns across the Ivy League.
The University’s last Annual Giving campaign raised $57,019,138,the second-highest total in the program’s history in nominal terms,just short of the $57,246,302 mark set the previous year.
The University continues to search for its next executive vice president, following the departure of former Executive Vice President Mark Burstein at the end of the last academic year. Burstein was named the President of Lawrence University in December 2012 and assumed the post on July 1.
