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US universities and their funding

1 Nov

This news about Hewlet Foundation grants to Berkeley has some interesting figures:

While UC Berkeley’s endowment has more than doubled to $2.46 billion over the past decade, its growth has been dwarfed by the surge in endowments at peer private institutions. Harvard University’s endowment is nearly $30 billion, and Stanford University’s is about $15 billion.”

I hope that means they can now get Berkeley faculty salaries on an equal footing!