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 President Shinn recently had an opportunity to tell the distinctive
story of Berea’s historical commitment to low-income families
and our four-year scholarships for all students in response to
the request from U.S. Senators Baucus’ (D – Montana)
and Grassley (R – Iowa). They were seeking information
regarding institutional data and procedures on endowment spending
from 136 schools with endowments of more than $1 billion. At
Berea College, approximately 78% of our annual operating budget
is funded by our endowment – a fact that is not matched by
any other American college or university. President Shinn
also was able to point out that any national policies on required
endowment spending could affect Berea College in ways unintended
by the policymakers.
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