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As the name reveals, auxiliary services will never be directly related to the core mission of colleges and universities. But as ever-tightening resources have become the reality for institutions, the revenue-generating possibilities for these departments have become more important than ever.
Campus Finance News
In light of the current economic conditions and the decreased value of most endowments, many organizations are re-examining their investment strategies. Often overlooked: Spending policies must have not just the proper annual spending amount but also be adequately defined.
In Every Issue
I’ve had a soundtrack to the events recounted here running through my mind: “Oh the time will come up / When the winds will stop / And the breeze will cease to be breathin’ / Like the stillness in the wind / ‘Fore the hurricane begins / The hour when the ship comes in…”
Behind the News
- A. Clayton Spencer, vice president for policy at Harvard, has been named the eighth president of Bates College (Maine), effective July 1. Before spending the past 15 years at Harvard, Spencer served as chief education counsel in the U.S. Senate, working under Senator Edward M. Kennedy.
After dropping early admissions programs four years ago, Harvard and Princeton reinstated them this year. They received a large number of applicants, which comes as no surprise, but institutions that never ended their early action programs are experiencing increased numbers, as well.