endowment

Julián Castro plans $250M endowment for Latino community groups across Southwest

by

NEW YORK — Former housing secretary Julián Castro sees at least one constant throughout the next decade. That’s the need to build lasting philanthropic support for U.S. Latinos — who are among the country’s fastest-growing racial or ethnic groups and who he sees facing a “five-alarm fire” with rollbacks to education, business and immigration opportunities. … Read more

Wealthy universities, facing steep endowment tax hikes, cut PhDs and libraries

by

Princeton University President Christopher Eisgruber lobbied members of Congress repeatedly to deter an increase in the endowment tax on colleges and universities. Instead, when the One Big Beautiful Bill Act passed last summer, Princeton became one of a handful of schools whose endowment tax ballooned. Now, President Eisgruber is preparing his institution for change as … Read more