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Reply to "Good school with weak financials? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Some schools with small endowments like Bates and Kenyon seem to have good ratings. What’s going on with Conn College? I don’t know enough about these ratings. [/quote] Small is relative - yes, smaller than other schools, particularly the most selective LACs - but they still have hundreds of millions in their endowments. Look at the Moody's ratings. Bates, for example, has an A1 rating, student demand is rising and they have rising tuition revenue. Bates also has not overspent on facilities construction (which is also a metric in the Forbes methodology). You can have a smaller endowment and have a strong rating if the school is well managed. We didn't look at Kenyon so I cannot speak to that but I'm guessing it is similar. I do remember reading that they got a huge donation not too long ago. [/quote] Kenyon endowment has grown substantially past few years thanks to a highly successful campaign by the departing President who is going to Natural History. Endowment up to $550 and they also got an anonymous $100 million gift for new dorms. [/quote] How does Oberlin have an endowment of over $1B by comparison? We're interested in Midwestern LACs and curious about this difference.[/quote] Oberlin and Denison have very high endowments for midwestern LACs in part because of some very large donors at key periods before market growth. But per capita Kenyon's endowment is pretty sizeable (Kenyon has 1700 students, Oberlin 2800). [/quote] Midwest LACs endowments are arguably "larger" than east coast in the sense that a million dollars goes further in the midwest than it does around NY Boston or Philly. Costs must be somewhat lower, salaries, etc. [/quote]
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