Intellect and morality-the College's other endowments

We talk a great deal about the endowment, about protecting the endowment, about “growing” the endowment. The student/faculty ratio to the endowment’s wealth is a major factor in determining our standing among our fellow institutions. We plan our budget according to a concept called “financial equilibrium,” whose standards were set out in the last long-range planning document of the College, the much touted Report of Priorities Planning Committee of 1995, which I co-chaired with the then-Treasure