Month: February 2010

11th February 2010

Colleges’ fund losses raise fears of tough times ahead

By Winston Featherly-Bean

College endowments mostly took a beating in the past year, newly-released financial accounts show, raising fears of budget squeezes ahead as colleges are less able to rely on investment income to cover costs. Alongside shrinking endowments are steadily rising operating costs for the colleges, including staff wages and building maintenance, which in some cases are outstripping inflation.