Latest Endowments News

Sanford gives $12.5 million to USD law school

Aug. 4, 2020 9:19 AM EDT

SIOUX FALLS, S.D. (AP) — Philanthropist Denny Sanford has given $12.5 million to the University of South Dakota's law school which will be renamed the Knudson School of Law in honor of Sioux Falls lawyer and businessman David Knudson, his longtime adviser. Knudson received his MBA from the university in...

FILE - This Thursday, Aug. 29, 2019, file photo, shows the Pac-12 logo during the second half of an NCAA college football game between Arizona State and Kent State, in Tempe, Ariz. The Pac-12 has set Sept. 26 as the start of its 10-game conference-only football schedule. The Pac-12 announced three weeks ago it would eliminate nonconference games for its 12 member schools. (AP Photo/Ralph Freso, File)

Pac-12 football players urge opt-out amid COVID-19 concerns

Aug. 2, 2020 4:04 PM EDT

A group of Pac-12 football players on Sunday threatened to opt out of the coming season unless its concerns about competing during the COVID-19 pandemic and other racial and economic issues in college sports are addressed. The players posted a statement and list of demands on The Players' Tribune website and...

Brown dedicates $10M for Providence public school students

Jul. 29, 2020 6:11 PM EDT

PROVIDENCE, R.I. (AP) — Brown University’s governing board has set aside $10 million to support public school students in its home city of Providence, Rhode Island. Brown designated $8.1 million in unrestricted endowed funds to add to $1.9 million raised by donors, following through on a promise...

AG sues U.S. Education Department over CARES Act funding

Jul. 24, 2020 8:22 PM EDT

OLYMPIA, Wash. (AP) — Washington is the latest state to sue the U.S. Department of Education for the way it is distributing emergency relief funds from the CARES Act to schools. On Thursday, Washington Attorney General Bob Ferguson filed a motion in U.S. District Court for the Western District of...

FILE - In this June 30, 2020 file photo, Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington.  The Federal Reserve has opened one of its lending programs to nonprofit groups, including hospitals, educational institutions, and social service organizations. The Fed said Friday, July 17,  that its Main Street Lending Program, which is targeted to mid-sized businesses, will now extend credit to nonprofits with at least 10 employees and endowments of less than $3 billion. (Tasos Katopodis/Pool via AP, File)

Federal Reserve expands lending program to nonprofit groups

Jul. 17, 2020 12:08 PM EDT

WASHINGTON (AP) — The Federal Reserve has opened one of its lending programs to nonprofit groups, including hospitals, educational institutions, and social service organizations. The Fed said Friday that its Main Street Lending Program, which is targeted to mid-sized businesses and can lend up to $600...

FILE - In this June 10, 2020 file photo, Jovita Carranza, Administrator of the Small Business Administration, testifies during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak.  (Kevin Dietsch/Pool via AP, File)

The Latest: Financial firms among big relief fund recipients

Jul. 6, 2020 5:59 PM EDT

NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ___ The financial services industry received roughly $27 billion...

Tuition increase fails in tie vote by U-Michigan board

Jun. 25, 2020 4:05 PM EDT

ANN ARBOR, Mich. (AP) — A tuition increase at the University of Michigan failed Thursday in a tie vote by the school's governing board. The 4-4 vote was a rare public sign of tension among regents and President Mark Schlissel's administration. Schlissel had proposed a 1.9% tuition increase at the Ann...

FILE - In this  July 21, 2016, file photo, Jerry Falwell Jr., president of Liberty University, speaks during the final day of the Republican National Convention in Cleveland. Falwell has apologized after posting a tweet on May 27, 2020, aimed at Virginia Gov. Ralph Northam's coronavirus mask mandate, that included a picture of a mask bearing a photo of a person in blackface and another in a Ku Klux Klan costume. That photo appeared on Northam's medical school yearbook page and, when made public in 2019, sparked a furor that nearly forced him from office. (AP Photo/Carolyn Kaster, File)

Evangelical Liberty U rattled by its own racial reckoning

Jun. 24, 2020 11:19 AM EDT

RICHMOND, Va. (AP) — As the nation wrestles with how to do more for racial equality, Liberty University — a school whose leadership has said it doesn't have a problem — is facing its own tough questions. Jerry Falwell Jr., who leads the prominent evangelical Christian university, apologized...

Notre Dame sees $100M-plus revenue shortfall for next year

Jun. 21, 2020 11:01 AM EDT

SOUTH BEND, Ind. (AP) — The University of Notre Dame is projecting a more than $100 million revenue shortfall for the upcoming fiscal year in part because of the coronavirus outbreak, according to a letter sent to the school community. In the letter sent to Notre Dame staff, faculty and students last...