Home Nonprofit & Education Education Colleges’ reliance on endowments ‘never been greater’

Colleges’ reliance on endowments ‘never been greater’

RECORD ENDOWMENT: Students walk across campus in front of Friedman Hall at Brown University in Providence. Brown has the largest endowment among Rhode Island colleges and universities, which grew to a record $3.8 billion, the school reported in October.
 / COURTESY BROWN UNIVERSITY
RECORD ENDOWMENT: Students walk across campus in front of Friedman Hall at Brown University in Providence. Brown has the largest endowment among Rhode Island colleges and universities, which grew to a record $3.8 billion, the school reported in October.
 / COURTESY BROWN UNIVERSITY

By the end of January, analysts will come out with their annual report on the performance of endowments of U.S. colleges and universities, including those in Rhode Island. Last year’s strong earnings performance may be hard to repeat. A big factor could be changes to tax and charitable giving that went into effect last January.

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