The large gains reflect significant returns on BC’s investments, according to the Boston Business Journal.
News, On Campus, Academics, Featured Story, Administration
New BC Fact Book Shows Endowment Falls
The 2019-2020 Fact Book details $93.3 million decrease in endowment, a two-acre expansion of campus, and an increase in AHANA+ undergraduates.
News, On Campus, Top Story
Climate Justice BC Referendum to Appear on UGBC Ballot
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.
News, Top Story, Administration
University Pans Gonzalez Endowment Tax Plan
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.
News, Top Story, Administration
Endowment Grows 10.7 Percent in the Latest Fiscal Year
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…
News, Top Story, Administration
Filings Show Coach, Admin Salaries
Football head coach Steve Addazio received $2,514,859 in total compensation and men’s basketball head coach Jim Christian received $1,480,826.
News, Top Story, Administration
Investment Guidelines Still in Effect, Contrary to BC Webpage
“The University is engaged in a web redesign effort that began in 2015,” University Spokesman Jack Dunn said in an email. “The Ethical Investment Guidelines remain in full effect and will likely be a component of the new Treasurer’s Office website when it is launched.”
News, Top Story, Administration
Tax Legislation Could Have Less Impact at BC Than Initially Feared
The final version of the Tax Cuts and Jobs Bill Act, enacted on Jan. 1, may not be as damaging to the University as initially feared.
News, Top Story
House Tax Bill Would Cost Endowment, Grad Students
The proposal calls for a 1.4 percent excise tax on the endowments generated by large, private institutions, such as BC. The University announced in September that its endowment had reached $2.4 billion.
Opinions, Letters To The Editor
LTE: CJBC Responds to “With Investment Returns of 13.4 Percent, BC’s Endowment Hits $2.4 Billion”
“While we in Climate Justice at BC (CJBC) support BC’s right to increase our university’s endowment, we fervently believe that investing in fossil fuels is in direct opposition to BC’s Jesuit Catholic values.”
