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Topic: finances

University to enact salary, wage freezes for upcoming Fiscal Year 2021

News, University News

University to enact salary, wage freezes for upcoming Fiscal Year 2021

April 8, 2020 0 comments

The University will freeze regular salary increases for faculty and staff for Fiscal Year 2021 beginning July 1 as one of many measures to alleviate the financial strain of COVID-19, according to a community-wide email sent by Provost Richard Locke P’18. 

In response to the COVID-19 pandemic, the University has spent $21,800,000 on refunds of room and board and parking charges, as well as student wages, E-Gap Funds for travel and a line of credit for Brown Physicians, Inc.

News, University News

Brown spends more than $21 million in COVID-19 response

April 8, 2020 0 comments

The University has spent $21,800,000 on refunds of room and board and parking charges, as well as student wages, E-Gap Funds for travel and a line of credit for Brown Physicians, Inc., in the wake of the COVID-19 pandemic and students’ evacuation from campus.

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.

UFB extends baseline funding for 33 groups

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UFB extends baseline funding for 33 groups

December 3, 2019 0 comments

The Undergraduate Finance Board extended baseline funding to $600 a semester for Category III cultural and religious student groups last month in an effort to lessen the financial burden of purchasing food for group events.

Endowment reaches record high of $3.8 billion

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Endowment reaches record high of $3.8 billion

October 2, 2018 1 comment

The University’s endowment increased to a record high of $3.8 billion over the 2018 fiscal year, according to a University press release.

Members of UCS discussed unexpected costs of attending the University with Provost Richard Locke and Chief of Staff to the Provost Marisa Quinn.

News, University News

​UCS holds discussion with provost

February 28, 2018 Comments are Disabled

​​Provost Richard Locke P’18 and Chief of Staff to the Provost Marisa Quinn listened to student feedback about unexpected costs that students encounter while attending Brown at the Undergraduate Council of Students’ general body meeting Wednesday evening.

Gov. Gina Raimondo’s re-election campaign had a fundraising agreement with the Providence Democratic City Committee.

Metro, News

Financial ethics complaint against Raimondo dismissed

February 27, 2018 Comments are Disabled

On Feb. 27, the Rhode Island Ethics Commission voted 5-to-1 to dismiss an ethics complaint filed by GOP Chairman Brandon Bell against Gov. Gina Raimondo, according to a report released by the Commission yesterday.

University endowment grows 13.4 percent

News, University News

University endowment grows 13.4 percent

October 3, 2017 1 comment

The University’s endowment rose to nearly $3.5 billion over the 2017 fiscal year, according to a University press release.