A “thoroughly satisfactory and permanent remedy”: the Twentieth Century Invention of the American University Endowment
Philanthropy and Education / Philanthropy and Historical Research

A “thoroughly satisfactory and permanent remedy”: the Twentieth Century Invention of the American University Endowment

Editors’ Note: Swelling college and university endowments have attracted increased scrutiny and criticism; the recently released House GOP tax plan even included a tax on the investment income of college and university endowments with assets of $100,000 or more per full-time student. In this post, Bruce Kimball outlines the origin of such large university endowments. It is … Continue reading