|
|
Wesleyan U students establish endowment.(BEHIND the NEWS)(Wesleyan University )(Brief article)
- Article from:
-
University Business
- Article date:
-
June 1, 2008
- Author:
- Herrmann, Michele
|
Copyright informationCOPYRIGHT 2008 Professional Media Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
[ILLUSTRATION OMITTED]
STUDENT ASSEMBLIES HAVE had partial involvement with endowments, such as voicing opinions on how and where to invest and spend. Students at Wesleyan University (Conn.) have taken a step further by establishing their own endowment, perhaps the first college student government in the country to do so.
It's hoped that the endowment will wipe out the need for the $270 activity fee, which funds the Wesleyan Student Assembly. The fees add up to about $750,000 annually and are allocated to various student groups.
Three administrators will counsel the student assembly on managing the endowment and will handle financial transactions, according to ...