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Topic: Endowment

Brown’s financial deficit for Fiscal Year 2021 could range from $100 million to $200 million

COVID-19 Updates, News, University News

Brown’s financial deficit for Fiscal Year 2021 could range from $100 million to $200 million

May 23, 2020 4 comments

The deficit for Fiscal Year 2021 will be “significantly larger” than previous years and could range from $100 million to $200 million, President Christina Paxson P’19 announced at Wednesday’s faculty meeting. 

The costs for this fiscal year, which ends June 30, have now likely exceeded $21 million as a result of expenses related to the COVID-19 pandemic.

COVID-19 Updates, News, University News

Paxson: Brown must make ‘tough’ financial choices due to economic impacts of COVID-19

April 6, 2020 3 comments

The University calculated that costs associated with the effects of the COVID-19 coronavirus pandemic will exceed $20 million in the current fiscal year, according to a community-wide email from President Christina Paxson P’19 sent this morning.

After efforts from Brown Divest, ACCRIP recommended that the University divest from “any company that profits from the Israeli occupation of Palestinian land” and discussed their criteria for selecting companies.

News, University News

ACCRIP releases recommendation to divest

March 11, 2020 10 comments

The Advisory Committee on Corporate Responsibility in Investment Policies released their official recommendation that the University divest from “any company that profits from the Israeli occupation of Palestinian land,” according to the report published Monday.

The University began selling fossil fuel investments in Oct. 2017 and had sold off most of its fossil fuel portfolio by June 2018.

News, University News

Brown sells 90 percent of fossil fuel investments

March 4, 2020 0 comments

The University is in the process of selling all its direct investments in fossil fuels, President Christina Paxson P’19 wrote in a March 4 Today@Brown announcement. The letter also informed the community of the University’s new role as a founding partner of the Providence Resiliency Partnership.

Letter: It is important to recognize team behind strong endowment returns

Letters to the Editor, Opinions

Letter: It is important to recognize team behind strong endowment returns

October 15, 2019 0 comments

To the Editor: Thank you for highlighting the performance of the Brown endowment for fiscal year 2019 in your editorial on Oct. 4.

Editorial: Endowment performance deserves recognition

Editorials, Opinions

Editorial: Endowment performance deserves recognition

October 4, 2019 2 comments

The Herald reported September 30 that the University’s endowment returned 12.4 percent for the fiscal 2019 year, which spanned from July 1, 2018 to June 30, 2019. The endowment gained an impressive $467 million and increased to a record-high $4.2 billion.

Endowment reaches record high of $4.2 billion

News, University News

Endowment reaches record high of $4.2 billion

September 30, 2019 0 comments

The University’s endowment grew to a record high $4.2 billion with $467 million in investment gains for the 2019 fiscal year, according to documents from the Investment Office. 

Overall ’19: Vote Yes on Divestment

Op-eds, Opinions

Overall ’19: Vote Yes on Divestment

March 18, 2019 2 comments

Last month, the United Nations Human Rights Council concluded that Israeli forces’ shooting of over 6,000 unarmed Palestinian protesters in Gaza last year had “no justification” and that these acts “may constitute war crimes.”

Dowling, Dietze, Kennedy ’97: Being transparent regarding investment transparency

Opinions

Dowling, Dietze, Kennedy ’97: Being transparent regarding investment transparency

March 18, 2019 Comments are Disabled

Brown’s endowment is a vital part of the University. In FY17, it funded 18 percent of the operating budget ­— $165 million, or $19,000 per student.

Krishnamurthy ’19: Divestment has severe costs — and nobody is talking about them

Columns, Opinions

Krishnamurthy ’19: Divestment has severe costs — and nobody is talking about them

March 12, 2019 6 comments

Last week, the Undergraduate Council of Students agreed to include in its March elections ballot a referendum asking students if the University should divest from corporations purportedly “complicit in human rights abuses in Palestine” and subject the endowment to greater transparency and student oversight.