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Posted inMoney and Politics

UCLA responds

On April 11, UCLA Executive Vice Chancellor and Provost Scott Waugh responded to CIR’s report. Dear Mr. Katches and Mr. Salladay: It is regrettable that your April 8th story about “luxury” expenses continues to misrepresent the realities of fundraising at UCLA. Travel is increasingly important to securing the funding necessary to further our public, educational mission. […]

Posted inU.S. Education

UC responds

The University of California responded to our story, which also was published in partner publications in a condensed form. To the editors: While the University of California appreciates the attention that the Center for Investigative Reporting recently gave to the UC endowment, I would like to address its shortcomings.  First, the limited scope of the […]

Posted inU.S. Education

How we calculated universities’ endowment performance

The Center for Investigative Reporting’s analysis of the University of California’s endowment performance focused on the 10 U.S. universities with the largest endowments, based on data compiled by the National Association of College and University Business Officers. Investment performance data was obtained directly from each university.  CIR obtained weighted returns for the system’s individual campuses and […]