Attention Colleges Desperate for Cash: Be Careful With the Endowment

By / / Education / 1 minute of reading


By David Jesse

JesseFinlandia-082924.jpg

Illustration by The Chronicle; Photo by Aaron Peterson for The Chronicle; iStock

As the now-closed Finlandia University fought to stay open, it pledged restricted gifts as collateral on a loan. A court fight over the decision demonstrates risks for struggling colleges everywhere.



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Carla Richard is a writer and editor who loves to write about lifestyle, books, sports, education, and tech. She also has a passion for writing about her hobbies—which include horseback riding, baking pies, and discovering new places to travel.

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