Bates has that tiny endowment and manages to do so much with the resources they have.
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And honestly, it’s not that tiny. It’s just that there is a group of small schools that have huge endowments, and many of them are in the NESCAC. Closing in on half a billion dollars, there are many, many LACs in the US that would love to switch endowments with Bates.
That said, Bates does and should continue to focus on this and build a war chest because the future of higher ed is so uncertain. While I don’t countenance an all-out arms race among small private colleges (e.g., mega sports complexes, mega science centers, building new when the economics suggest remodel or repurpose, etc.), this thing we all in this thread love so much is not getting any cheaper.
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Anecdote related to Bates endowment. I was talking with a young man in my San Francisco neighborhood a couple years ago. He was finishing his law degree at University of Minnesota Law School. He knew my D25 was heading to Bates, and mentioned the new Bates President Garry Jenkins, who had been the Dean of Minnesota’s Law school. I didn’t ask, but he noted that Jenkins was a prolific fundraiser for the law school.
Google AI just gave me the same info:
University of Minnesota Law School (2016–2023): Served as Dean, where he was credited with doubling the school’s endowment and improving its national ranking.
Makes sense for Bates.
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Imho, I think that the really good fundraising presidents are the ones who can first develop a vision for what a school can be and can start acting on that, then can sell it to donors who see it taking shape. They tend to be rather charismatic as well as forward-thinking. So the fact that he was a good fundraiser probably means much more than more money for Bates – ot could involve new programs and new initiatives that reflect the changes in world. All very exciting for Bates.
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A year ago, Bates announced that they’re transitioning management of their endowment to Investure, which also manages endowments for Middlebury, Haverford, Macalester, and Dickinson, among others.
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I’m somewhat surprised to learn that Midd doesn’t manage their endowment in-house. I would guess, but do not know definitively, that most of the NESCAC has an in-house investments office.
And, don’t need access to a convicted pedophile in order to build their donor list.
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Has anyone read this article? Any mention of NESCAC?
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I think I’ll be hanging out here more often since S26 is headed to Wesleyan 
We are from the Bay Area but spent a decade in NYC (where D22 and S26 were born). I still travel to NYC for work 3-4 times a year so I’m looking forward to extending my work trips to see S26 in CT or bring him to NYC if he wants.
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Here’s a gift link:
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In a few years you’ll tell people “I remember when there was a Middlebury Institute in Monterey”, and they won’t believe you. So you’ll pull out your phone to show them.
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Bates women’s basketball wins NESCAC. Women's Basketball Falls to Bates in NESCAC Championship Game - Bowdoin College
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Haverford makes an appearance, perhaps as a countrafactual near the end of the article. But otherwise, Amherst represents!
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Why would Haverford represent the NESCAC at all?
It’s about LACs, not NESCAC specifically.
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In other NESCAC news …
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Not a NESCAC, but only a brainless nitwit decides to limit the connections of the military with MIT for any reason at all, or with any locations that provides minds that are able to think both strategically and tactically. In a present and future in which warfare is getting increasingly sophisticated, it looks like our military is controlled by somebody who believes that we should be preparing our military for the wars of the 1970s.
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