Elsewhere online
April 17, 2015

Asset Gap Widens Between Wealthy Universities and Others

A new report by Moody’s Investors Service found that the 10 wealthiest universities held almost a third of the total cash and investments at four-year universities in fiscal year 2014, The Wall Street Journal reports.

Assets at the top 40 richest universities grew by 50 percent from fiscal years 2009 to 2014, a faster rate than at other universities. These 40 institutions had a median $6.3 billion in cash and investments in fiscal year 2014, while the other schools Moody’s rates — nearly 500 — had $273 million. 

Large donations and high-yield investments at the top universities contribute to this wealth gap.