French: Univ endowment down 25 percent, budget gap projected to grow to $23 milion by 2014
Brandeis has experienced a 25-percent drop in its endowment from $712 million at the end of June 2008 to $549 million at the end of December 2008 and is projecting annual operating deficits ranging from $4 million in fiscal 2009 to $23 million in fiscal 2014, according to Executive Vice President and Chief Operating Officer Peter French.French gave a presentation to students explaining the University's financial situation during an open forum yesterday at which he and other senior administrators addressed the student body and answered students' questions.
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