Thursday, February 5, 2009

Brandeis Re-Depressed

The Nonprofit Law Prof Blog has more good reasons on why Brandeis opted to close the Rose.

Brandeis relies heavily on current donations - $14 million of its operating budget comes from current donations - and those donations are nearly nonexistent this year.


Because the endowment is relatively new, nearly all the appreciation over the historic dollar value of the endowment is gone. Under Massachusett's version of UMIFA, Brandeis can spend little from its endowment until the market rebounds. In addition to these problems, Brandeis has overextended itself in recent years, increasing its debt with building projects and more financial aid for students.

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