Tag: Endowments

Met Opera Taps Its Endowment Again to Weather Downturn

But the Met faces acute challenges. Mounting live opera is expensive, requiring lavish sets, star singers and a much larger orchestra and chorus than the biggest Broadway shows can boast. Inflation has added to the opera company’s burden, with the costs of shipping and materials increasing sharply. And ticket revenues last season from in-person performances […]

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Can Stony Brook University Balance Equity and Ambition?

Shortly after she became governor of New York, Kathy Hochul made an announcement that caught the higher-education world off guard: The state, which has generally regarded all its public universities as equals, would start treating two universities as “flagships.” More surprising still, her choices for the elite label didn’t include Binghamton University, which has often […]

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A New Playbook for College Donors: Power Politics

Major college donors used to expect their name on a building or the ability to call in a favor with the admissions office. They often gave money toward the end of their life, as a bookend to a successful career. And if they wanted to sway school policy, they typically worked behind the scenes to […]

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