<p>It is not quite as bleak as you seem to be implying. Based on your Colby article link, HC’s endowment per student is already higher than Wesleyan, Bates, and Connecticut all quality LACs. I know that growing the endowment is a high priority for Holy Cross. Given their late start in building one due to their Catholic historical beginnings, I think they have made tremendous progress in the past 30 years starting pretty much at zero. I know that increasing the endowment is a focus for the school as it is for all liberal arts colleges.</p>