Attention Colleges Desperate for Cash: Be Careful With the Endowment

By / / Education / 1 minute of reading


By David Jesse

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Illustration by The Chronicle; Photo by Aaron Peterson for The Chronicle; iStock

As the now-closed Finlandia University fought to stay open, it pledged restricted gifts as collateral on a loan. A court fight over the decision demonstrates risks for struggling colleges everywhere.



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Avatar of Evelyn Gill
Evelyn Gill is a writer who loves to write about news. She's an avid reader and consumer of information about politics, health, business, parenting, and finance. She also enjoys writing about her hobbies: cooking and gardening.

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