Endowment funds across all Claremont Colleges experienced decreases of up to 14.5 percent in fiscal year (FY) 2021-22, according to a TSL analysis of the colleges’ public financial statements. Scripps reported the largest decrease of 14.5 percent in net endowment assets, while CMC’s endowment was the least affected, experiencing a
Tag: Endowments
5C climate justice groups call for divestment at Pomona rally
About a hundred students and community members gathered Friday afternoon at Pomona College’s Bixby Plaza to demand the 5Cs divest from fossil fuels.
OPINION: Now is not the right time for austerity at Pomona College
In the midst of the COVID-19 pandemic, it’s time for Pomona College to use its endowment and help its students and staff, not implement austerity measures.
News Bites — Weeks of March 11 and March 18
Frary Provides Free Meals To Students On Financial Aid During Spring Break Pomona College kept Frary Dining Hall open for the first time over spring break to provide an on-campus dining option for students remaining on campus. Pomona students on financial aid were provided a subsidized two-swipe-per-day plan that allowed
GOP Bill Hits Pomona, CMC With Endowment Tax
The GOP tax bill signed into law by President Donald Trump on Dec. 22 imposes a new tax on roughly 35 of the nation’s wealthiest private colleges, including Pomona College and Claremont McKenna College. Specifically, it includes a provision for a 1.4 percent tax on previously untaxed earnings generated by