Wed 15 Sep 2004
stands at 1.2 billion, tops among liberal arts colleges. Considering that Williams is also just a year into a $400 million fund-raising drive, over half of which is earmarked for the endowment, that is encouraging news about Williams’ financial condition. Since our chief rivals (Amherst, Swarthmore, Middlebury) either just finished or are just finishing major campaigns, Williams should, if the money managers do their jobs properly, be in a dominant financial position in the liberal arts world four years from now.
Personally, I’d love to see about ten or fifteen percent of that endowment aimed specifically at keeping tuition increases at or below cost of living increases and for increasing the percentage of the student body on financial aid (and thereby solving Williams true diversity problem, which is not one of skin color) to over 50 percent by recruiting more first generation college, rural and urban applicants. Or at the very least, gold-plated urinals in the new student center.
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