Cornell has an endowment of 10.7 billion dollars. https://news.cornell.edu/stories/2024/10/university-endowmen...
Reminder that endowments are highly illiquid and typically are not used to fund budgets
What should they be used for the ?
2025 Hiring Pause
11–20 of 173 posts
Re: 2025 Hiring Pause
#12Re: 2025 Hiring Pause
#13Same at Stanford https://news.stanford.edu/stories/2025/02/staff-hiring
Re: 2025 Hiring Pause
#14Re: 2025 Hiring Pause
#15Here is a 2024 article from the Stanford Daily: https://stanforddaily.com/2024/03/13/behind-stanfords-double... In 1996: 13,811 students, 1488 faculty, 5881 total staff. In 2024: 17,529 students, 2323 faculty, 16,527 total staff. In 28 years: 27% increase in students 56% increase in faculty 281% increase in total staff The ratio of staff to students is nearly 1:1 This is insane.
What does the non-faculty staff does? Is it maybe connected to technical staff? They Can’t all be management?
Re: 2025 Hiring Pause
#16Cornell has an endowment of 10.7 billion dollars. https://news.cornell.edu/stories/2024/10/university-endowmen...
Reminder that endowments are highly illiquid and typically are not used to fund budgets
that's just misinformation.
> In particular, the endowment supports roughly two-thirds of the budget for undergraduate and graduate financial aid, as well as a significant portion of faculty salaries, research, and key programs like libraries and student services.
Re: 2025 Hiring Pause
#17How are the ivy leagues NOT financially independent? People claw/cheat/do whatever it takes to get in. Ivy's employ some of the best raw IQ people we have. Endowment funds over years should blossom.
Could they be so smart to 'redline', to maximally extract as much funds from the Gov as possible while also pumping up their investments? Or might they not have managed funds well enough and truly cannot afford things?
if scenario 1) refactor expenses, pass an audit, and make a plan to build up funds. return to 75% prior budget levels
if scenario 2) refactor expenses, pass an audit, and make a plan to build up funds. return to 25% prior budget levels
*in both cases we need to remove regulations on schools so they can fire all the admin (they claim to need to keep up legally inane wild things) and pay the professors/researchers more.
Colleges and Universities are already on a downward trend; the perfect storm of declining enrollment/population numbers and AI potentially wiping out what they offer. Colleges and University were meant to be a special protected Eunuch class studying 'the dark arts', but they've publicly become known havens of scheming Eunuchs trying to overthrow the emperor. Too close to the sun
Re: 2025 Hiring Pause
#18Here is a 2024 article from the Stanford Daily: https://stanforddaily.com/2024/03/13/behind-stanfords-double... In 1996: 13,811 students, 1488 faculty, 5881 total staff. In 2024: 17,529 students, 2323 faculty, 16,527 total staff. In 28 years: 27% increase in students 56% increase in faculty 281% increase in total staff The ratio of staff to students is nearly 1:1 This is insane.
What does the non-faculty staff does? Is it maybe connected to technical staff? They Can’t all be management?
Janitorial, technical, nutritional … basically anyone not involved in educating students “non-faculty.”
Re: 2025 Hiring Pause
#19> due to "significant financial uncertainty" in higher education, This is directly linked to the new Trump administration's policies. The university explicitly cites potential deep cuts to federal research funding, new tax legislation affecting endowment income, and ongoing concerns about rapid growth and escalating costs as primary reasons for this decision. This move comes as Cornell and 11 other universities have…
> This move comes as Cornell and 11 other universities have filed a lawsuit against the National Institutes of Health over funding restrictions that could cost Cornell $80 million.
This is less than 0.75% of Cornell's endowment, so I'm not sure there is a strong case for causation here.
Re: 2025 Hiring Pause
#20How are the ivy leagues NOT financially independent? People claw/cheat/do whatever it takes to get in. Ivy's employ some of the best raw IQ people we have. Endowment funds over years should blossom. Could they be so smart to 'redline', to maximally extract as much funds from the Gov as possible while also pumping up their investments? Or might they not have managed funds well enough and truly cannot afford things? if…
you got the academic and economics right. but ignored the politics. academic politics is very exclusive... and the circle in it owns lots of capital. so when capital goes on strike, they fall in line.