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The NAICU Discussion Section
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Economic, cost, and affordability trends in private higher education
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NAICU in Action
Find more info on NAICU issues and initiatives:
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Merrimack College has $630,000 in embattled Wachovia account
North Andover, Mass., Eagle Tribune
October 4, 2008
"Merrimack College has a short-term investment account with the Commonfund as part of our endowment investment portfolio," a spokesperson said. "Fortunately, the balance is relatively small and represents less than 2 percent of the value of our endowment investment assets as of Sept. 30, 2008." The school's endowment fund is worth about $32.5 million, she said, down from around $37 million last year.
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