@Englishman
While there is still plenty of work to be done, Wesleyan has taken steps to get its financial house in order. Whereas previously 75% of raised funds were spent and 25% put into the endowment on a yearly basis, that mix has reversed almost entirely within the past 5 years. This was a large reason for Wesleyan’s endowment falling behind (in addition to not having a capital campaign in the late 80’s, doubling the student body in the 70’s-80’s when women were readmitted, and spending down the endowment for capital projects in the 70’s), but then in the 90’s Wesleyan exacerbated its problem by spending what it could raise in order to keep up with peers. Now it has begun conservatively building the fiscal base for the long term and is investing what it raises, which will help the endowment long term (though obviously impacting spending - and ranking - in the short term). There has been plenty of crying over spilt milk, but the endowment damage was done and is slowly being fixed.