The University of California has invested more than $200 million in private equity funds sold by two Silicon Valley venture capital firms. But for years, the firms haven’t provided UC with any information about how each individual investment is performing.
U.S. Education
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UC improves its investment returns but still lags behind other schools
The University of California’s $13.1 billion endowment produced better investment returns last year, according to new financial data. But despite a five-point gain over 2013, UC ranked seventh of the top 10 richest colleges in the U.S.
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UCLA changes travel rules, but not before deans’ new luxury expenses
In January, UCLA issued new travel guidelines and circulated them among its deans and executives. The guidelines add restrictions on spending that go above and beyond the policies that govern all University of California campuses.Prayitno/Flickr Even after UCLA was publicly exposed and criticized for approving lavish travel and entertainment expenses by its top academic officials, […]
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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 […]
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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 […]
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UC endowment has worst investment returns among largest US college funds
The University of California’s $11.2 billion endowment has produced the worst investment returns of any of the richest colleges in the country over the past decade, an analysis by The Center for Investigative Reporting shows. From the 2004 through 2013 fiscal years, the investment payout for the UC endowment ranked last among the 10 U.S. universities […]
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California’s lack of online child care records leaves parents in dark
Denise Davis, shown in her daughter’s bedroom in her San Jose, Calif., home, used to send her children to a day care in Stephanie Newbrough’s home in Milpitas. The day care was shut down last year after a long history of breaking state rules, including a lack of supervision of children. Davis says she would […]
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A tale of two transitions to Common Core education standards
Second-grade teacher Claudine Phillips works with one of her small reading groups at Roscomare Road Elementary in the affluent Bel Air section of Los Angeles.Pat Wingert/The Hechinger Report LOS ANGELES – A half-dozen children are gathered around a table for small-group reading day in Claudine Phillips’ sunny second-grade classroom at Roscomare Road Elementary in the […]
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School meals face rules on fat, meat, veggies – but no limits on sugar
Students enjoy a meal at Brockton Avenue Elementary School in Los Angeles. In an effort to cut sugar, the Los Angeles Unified School District made the controversial decision two years ago to remove chocolate and strawberry-flavored milks from lunch menus.Richard Hartog/For The Center for Investigative Reporting Almost everything about a school cafeteria meal has a […]
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Fast food: Students struggle with healthy options in short lunch periods
Students eat lunch in the Oakland High School cafeteria. To get lunch, students enter their ID number – which staff use to track free and reduced-price meals – in one line and then receive tickets to exchange for meals in other lines. One student said he typically waits 20 to 25 minutes for food.Noah Berger/The […]