UP CLOSE | Funding an uncertain future
Almost five years after the onset of the recession, Yale is still facing a projected budget deficit of $40 million. Only about $120 million remain in the University’s rainy-day funds.
Swensen to return to teaching
Chief Investment Officer David Swensen told the News that he has no plans to leave his position at Yale in the near future.
Yale to replace turbines
Over the next two years, Yale will spend roughly $50 million to replace the gas turbines in the Yale Central Power Plant.
Construction on campus still stalled
Payne Whitney Gymnasium will finally shed its blue scaffolding within the next few years, but other construction projects on campus remain suspended indefinitely.
Stock rally bodes well for endowment
The strong performance of the U.S. stock market over the past nine months bodes well for endowment returns of colleges, including Yale, according to experts interviewed.