Texas Tech Sees a Drop in Endowments - KCBD NewsChannel 11 Lubbock

1/21/03

Texas Tech Sees a Drop in Endowments

Texas Tech is one of hundreds of universities nationwide seeing a drop in its endowments. An endowment is money used to keep things like professorships and scholarships forever open. Last year Texas Tech's endowment's dropped by more than $12 million.

Texas Tech Chief Financial Officer Jim Brunjes says Tech's Endowment Program is fine for now, but if the decline continues over a long period of time, "It will be difficult for the university to maintain the level of excellence with regards to scholarships, financial aid the chairs and fellowships."

Texas Tech isn't the only Texas school that lost endowment money. UT saw a 7.8% decrease, while a and endowments dropped 7.1%.

Powered by WorldNow

5600 Avenue A
Lubbock, TX. 79404

FCC Public File
publicfile@kcbd.com
806-744-1414
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KCBD. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.