Word: princeton
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Dates: during 2000-2009
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...controversial Danish cartoonist spoke at Princeton yesterday, revealing that four years after he'd printed a controversial cartoon of the prophet Muhammad with a bomb as a turban, the police still have to escort him to work...
...move to prioritize and preserve endowment resources at a time when budgetary crises are sweeping higher education sets Princeton apart from its peers. And the decision—which appears to defy calls for schools to spend more from their endowments to sustain services and employment—may actually reflect remarkable foresight and could strengthen Princeton’s future spending capacity...
...preserve the long-term purchasing power of the endowment, we chose not to transfer funds from the endowment to the operating budget last spring,” wrote Princeton President Shirley M. Tilghman in a letter to the community on Tuesday, noting that utilizing the endowment would have required selling equities at unattractive prices. “That has proved to be a wise and prudent decision, given the recent recovery in the markets...
...January, Princeton raised $1 billion through taxable bond sales. Shortly after, Harvard issued $2.5 billion in debt...
...Princeton University Investment Company, which manages the school’s endowment, reported investment losses of 23.7 percent this past year—better than the 30 percent loss predicted in the spring. The loss brings the total value of Princeton’s endowment as of June 30 to $12.6 billion, down from $16.3 billion last year...