Amherst Responds to Congressional Endowment Inquiry

On February 8, President Martin received a joint letter from the Senate Committee on Finance and the House Committee on Ways and Means requesting information about Amherst’s endowment. The leaders of the 55 other U.S. private college and universities with endowments of $1 billion or more were sent the same query. Amherst submitted its reply on April 1, and we are pleased to share that response.

Amherst President Anthony W. Marx’s Testimony to the Grassley-Welch Endowment Roundtable

On Monday, Sept. 8, Amherst President Anthony W. Marx presented testimony in Washington, D.C. at a roundtable examining college endowments called by U.S. Sen. Charles Grassley (R-Iowa) and U.S. Rep. Peter Welch (D-VT).

At a panel titled “Are Mandatory Payouts Beneficial?” Marx summarized the college’s efforts to ensure access and enhance affordability and argued that a spend rate requirement would not achieve much social benefit, while bringing real risks. The text of his remarks follows. (Watch him deliver his testimony, which begins at 185:15.)

Boston Globe: Colleges guard soaring endowments

Submitted by Caroline J. Hanna
Amherst President Tony W. Marx was consulted for this article on the growing pressure for colleges and universities to spend out of their endowments more. "We need aid policies that ensure access, but that's not the end of the story," he told the newspaper.