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Tag: Finances
5C endowments reap unprecedented gains
The 5Cs’ endowment funds grew by up to 43 percent in the 2020-21 fiscal year, despite a year of hardship and uncertainty.
Anticipating $30 million budget shortfall, Pomona considers furloughing staff
Pomona College will announce a decision whether to furlough some staff members by September 1, officials said.
CMC to withdraw from Keck Science Department, create own department
Claremont McKenna College has decided to withdraw from the W.M. Keck Science Department to create its own science department, according to a Pitzer College administrator and multiple professors present at faculty meetings where the decision was announced Wednesday. Scripps College and Pitzer will continue to have a joint science program,
Pitzer Senate Loses Track Of $40,000: Lack of Accounting, Oversight Led To Questionable Spending Decisions
At least $40,000 disappeared from the Pitzer College Student Senate budget by the end of the fall 2017 semester, the most egregious example of chronic disorganization and accounting issues that have plagued the organization for years. Current and former members of Pitzer Senate, including former Vice President Lora McManus PZ
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