The primary goal of Boston College’s investments is to grow the University’s endowment, not to champion social or political causes like divestment, Lindsay Meier, environmental and sustainability policy coordinator, shared at the UGBC Senate meeting on Tuesday night.
Boston College’s profile of its $3.7 billion endowment is short, vague, and far from informative. The University has a moral responsibility to change this.
Boston College’s endowment slightly dipped from around $3.8 billion to $3.7 billion—an approximate $60 million drop—in the past fiscal year, according to the University’s financial statements.
In the 1970s, when Boston College’s endowment hovered around $5 million, it would have been difficult to predict the powerhouse that BC’s endowment would eventually become. This past fiscal year, the endowment reached its all-time high: $3.8 billion.
The large gains reflect significant returns on BC’s investments, according to the Boston Business Journal.
The 2019-2020 Fact Book details $93.3 million decrease in endowment, a two-acre expansion of campus, and an increase in AHANA+ undergraduates.
This year, the question “Should Boston College withhold investments from the fossil fuel industry?” will appear on the presidential elections ballot for the Undergraduate Government of Boston College.
Jay Gonzalez, the Democratic nominee for governor of Massachusetts, has proposed levying taxes on major universities’ endowments—including that of Boston College’s, according to The Boston Globe.
Boston College’s Executive Vice President Michael Lochhead announced Wednesday at University Convocation that the endowment posted a 10.7 percent return on investment during the last fiscal year that ended on May 31, which Lochhead said surpassed University expectations. 2018 is the 47th consecutive year operating revenues exceeded expenses, according to Lochhead, which he said was…
Football head coach Steve Addazio received $2,514,859 in total compensation and men’s basketball head coach Jim Christian received $1,480,826.
