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News Briefing: College May Become Unaffordable for Most in U.S.

By Kate Golden on December 3, 2008No Comment
  • Clinton's conference in Hong Kong results in pledges to charities worth $185 million.  [Associated Press]

  • Harvard University says its endowment has dropped $8 billion in the last four months.  [Associated Press]

  • The rising cost of college threatens to put higher education out of reach for most Americans, according to a new report.  [New York Times]

  • JPMorgan Chase will match Washington Mutual's 2008 level of corporate philanthropy in Washington state in the coming year.  [Seattle Post-Intelligencer]

  • Despite a drop in assets, the Weinberg Foundation distributes a record $100 million in grants to nonprofits.  [Baltimore Sun]

  • Philip J. Smith is named chairman of the Shubert Organization and the Shubert Foundation, replacing his longtime friend Gerald Schoenfeld, who died last week.  [New York Times]
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