Congress sends letter to U., Seminary to request endowment spending
Marcia BrownSeveral members of Congress recently sent a letter to 56 private colleges and universities with endowments over $1 billion including the University and the Princeton Theological Seminary to solicit information regarding how the institutions spend their endowments. The letter requests information regarding categories of assets in the endowment, investments outside the endowment, spending to manage the endowment and the institution’s Form 990, a tax document.




