Bruce Simon '91, an associate professor of English at the State University of New York at Fredonia, contributed a column to Inside Higher Ed titled "A Challenge to Billion Dollar Endowments" (3/31/08). In the column Simon calls on the wealthiest universities to donate one percent of their return on endowment to less well-off institutions.
He discusses his blog, Citizen of Somewhere Else, where he has "contrasted the fortunes of the 76 colleges and universities in what I've come to call the Billion Dollar Endowment Club (BDEC) with my own university's roughly $80M operating budget and $20M endowment, commented on the calls to hold the BDEC and other 4000+ colleges and universities in the United States accountable for spending 5 percent of their endowments annually, and made a few modest proposals to the BDEC itself."
He discusses his blog, Citizen of Somewhere Else, where he has "contrasted the fortunes of the 76 colleges and universities in what I've come to call the Billion Dollar Endowment Club (BDEC) with my own university's roughly $80M operating budget and $20M endowment, commented on the calls to hold the BDEC and other 4000+ colleges and universities in the United States accountable for spending 5 percent of their endowments annually, and made a few modest proposals to the BDEC itself."
