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Reply to "Oberlin Sues Insurers who Denied Coverage for Gibson Case"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Interesting, and thank you. I just looked at Grinnell and Kenyon for comparison — Grinnell’s trends are opposite Oberlin’s — their acceptance rate went down significantly over those years and their yield went up. A couple of blips but overall a clear trend line. Kenyon’s trends, though, mirror Oberlin’s a little more closely, so maybe it’s an Ohio thing or a lacks-a-billion-dollar endowment thing? [/quote] Oberlin has a billion dollar endowment.[/quote] Found this on line. It says that Oberlin plans to spend 4.3% of the endowment on an annual basis for operating expenses. Meaning that the damages and legal expenses from the Gibson litigation are probably about the equivalent of one year’s withdrawals. Not necessarily devastating in the long run, but significant in the short run, and combined with the colleges’ deteriorating profit per pupil & recent annual deficits, not a good trend. https://vimeo.com/759634362[/quote]
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