jmmom
July 30, 2007, 8:48am
1
<p>I still watch how things are going at Tulane. I thought this was certainly newsworthy for anyone who had questions about the viability of this University post-Katrina.http://www.tulane.edu/newwave/[/url][quote]For ”>http://www.tulane.edu/newwave/
For</a> the first time in its 173-year-history, Tulane University’s endowment has reached the $1 billion mark, a milestone achieved by only 62 other American colleges and one that comes at a critical time as the school renews itself after sustaining more than $600 million in damages from Hurricane Katrina. </p>
<p>Often viewed as the lifeblood of an institution, an endowment is an investment fund from which a university derives interest. Reaching the $1 billion mark was one goal of “Promise and Distinction: The Campaign for Tulane University,” which made its public launch in March 2005, just months before Hurricane Katrina pummeled New Orleans. The overall campaign goal of Promise and Distinction is to raise $700 million by 2008. So far Tulane has raised more than $652 million toward that goal. </p>
<p>Despite the battering of Katrina, Tulane was able to reach the $1 billion endowment goal one year ahead of schedule, raising $85 million this year, exceeding its goal of $75 million, despite having a smaller development staff. more
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<p>In other news, Tulane announced the appointment of Benjamin P. Sachs, who holds several appointments at Harvard Medical School, as dean of Tulane University School of Medicine effective November, 2007.</p>
<p>Every since Katrina, I’ve been giving to Xavier too. I was so impressed that the Xavier students were housed at Tulane in the aftermath. Xavier lost so much, too.</p>