Skip to content

Professor Charlie Eaton Writes Opinion Piece on University Endowments for Coronavirus Recovery

June 22, 2020

Sociology Professor Charlie Eaton has written an opinion piece for The Hechinger Report, a national nonprofit newsroom that reports on one topic: education

In the face of the coronavirus, some courageous university leaders have stepped up to protect their students, their employees, and their communities. They have maintained essential services for low-income students, refused to lay off employees and begun careful planning…for the fall term.

To weather this crisis and speed a national recovery, universities also need to use some of our nation’s biggest untapped rainy-day funds: their endowments.

With $600 billion in assets as of 2017, the combined value of U.S. university endowments exceeds the most recent Covid-19 relief package passed by Congress. In the wake of a global historical crisis, we cannot afford to let such a massive resource sit idle.

See the entire article here.