Harvard Reduces Sports Travel as Ivys Cut Athletics to ‘Core’
Dartmouth College, where former U.S. Treasury Secretary Hank Paulson was an All Ivy football player in the 1960s, has scrapped a $15 million stadium renovation project as its sports endowment plunged as much as 18 percent. The deepest recession in five decades may leave the Ivy League behind on the field. The economy is choking donations, battering endowments and threatening to eliminate some sports programs. The eight schools, which have educated 14 U.S. presidents and half of the 110 justices in Supreme Court history, have estimated endowment losses of as much as 35 percent this year. Curtis Eichelberger, Bloomberg News, August 6, 2009
|
|
|
