Word: grassleyã
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...Jill Kozeny, the senator’s communications director, said Grassley??s goal is to create an open environment in medical school research and education...
...legislation follows nearly a year of threats from some lawmakers—notably Republican Senator Charles E. Grassley??to mandate a minimum level of endowment spending, which they say would increase college affordability. The five-percent proposal would extend to colleges and universities the level of endowment spending required of other tax-exempt charities and foundations...
Grassley spokeswoman Jill Gerber, who could not be reached for comment yesterday, told the Yale Daily News earlier this week that Welch’s bill had not changed Grassley??s mind one way or the other about whether he would introduce legislation...
...Senator Charles E. Grassley??Capitol Hill’s most vocal critic of university endowment spending—has repeatedly raised the possibility of requiring college and university endowments to pay out at least 5 percent annually, a standard that now applies to public charities...
...Faculties of Arts and Sciences and the Divinity School rely heavily on endowment income. Those two schools drew 46 and 66 percent of their operating expenditures, respectively, from their endowments as of 2006. Harvard has emphasized that its endowment growth has been used to increase financial aid, one of Grassley??s oft-cited goals in criticizing low endowment spending rates. For example, the press release accompanying Harvard’s investment returns today mentions “financial aid” six times in its first five paragraphs. Grassley has recently toned down his legislative threats as schools...