The Darker Side of University Endowments

Student Union of Michigan

This is part of an ongoing series of printable pamphlets designed to explain how money flows through public research universities in general and the University of Michigan in particular. The pamphlets are intended to clarify arguments and push back against pervasive and seemingly “common sense” narratives about the crisis of public higher education that impede, rather than advance, meaningful political action. We hope tactics and strategies will emerge from these counter-narratives—after all, we can’t fight what we don’t understand. Download the printable version of this pamphlet here and see the Resources page for the entire series.

In November 2013, the University of Michigan launched its new capital campaign, “Victors for Michigan,” which aims to raise $4 billion from private sources primarily to be deposited in the endowment. If successful, it will be the largest in the history of public higher education, topping U-M’s previous campaign which raised $3.2 billion between…

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About @NatM4Equity

The National Mobilization for Equity is a coalition of organizations committed to alleviating the present staffing crisis in higher education: three-quarters of the teaching jobs in American colleges are held by underpaid, precarious and poorly-supported contingent faculty. Our long-term goal is to end contingency as the norm. The current untenable situation not only adversely affects all faculty members, both contingent and tenure-track, it also negatively impacts our profession, our students and the quality of their education.

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