Endowment dependency too high, College reconsiders need-blind admissions

Grinnell College is currently one of the most endowment-dependent institutions in the country, with the endowment comprising 60 percent of yearly revenue. As of 2024, the College is spending 5.5 percent of the endowment yearly, but the Board of Trustees has required that the College return the endowment payout to 4 percent by 2029. The...