[There is now a dramatic gulf opening up between the treatment both of
students and employees by two of my higher education institutions. Read
and weep for Columbia and its students and employees. Ed Kent]

February 2008, Volume 8, Number 5

Financial Aid Changes Aim to Make Yale College Affordable to All
Yale is reducing the average cost of sending a student to Yale College
by over 50% for families with financial need. Under the new policy, no
students on financial aid will have to take out loans. This policy will
apply to all students beginning this fall and is the largest increase in
spending for financial aid in the University's history. The changes will
increase Yale's financial aid budget by more than $24 million, to over
$80 million annually. Yale will hold its increase in tuition and other
student charges in 2008-2009 to 2.2%.

Endowment Payout Boosted by Over One-Third
Yale will increase its endowment payout by more than one-third in the
coming fiscal year. The estimated payout will total $1.15 billion, an
increase of 37% above the $843 million in funding from the endowment in
the current year. Priorities for the additional revenue generated by the
endowment policy change include expanding access to Yale's resources,
dramatically increasing financial aid and strengthening scientific
research. The Investments Office's 2007 endowment report on this year's
28% return, the highest of any college or university, is now online at
http://www.yale.edu/investments/. <http://www.yale.edu/investments/.>

Yale Reduces Greenhouse Gas Emissions by 17% in Just Two Years
As part of its Sustainability Initiative, the University has reduced
greenhouse gas emissions by 17% since 2005. In recognition of his
leadership on the issue, President Richard C. Levin '74 Ph.D. was the
inaugural speaker for the Climate Lecture Series at the University of
Copenhagen on Monday, January 21. In his talk, "Leading by Example:
Creating A Sustainable Campus," he made the case for the role that
universities can play in prompting other organizations and governments
to set goals and strategies for reducing greenhouse gas emissions. The
series is a prelude to the United Nations Summit to be held in
Copenhagen in 2009. President Levin said an additional 17% reduction
would be achieved over the next several years as a number of projects,
including a new cogeneration power plant, are completed. Levin said Yale
expected to achieve its overall emissions reduction goal of 43% by 2020
at a cost of as little as one-half of 1% of the University's operating
budget.

University Raises Incentive for Employees to Buy a Home in New Haven
Yale University has enhanced its highly successful Homebuyer Program and
extended it through 2009. The program was created in 1994 by President
Levin to encourage Yale faculty and staff to live in New Haven. The
program provides homebuyers with a first-year incentive payment and an
annual stipend for up to 10 years for home purchases in certain sections
of New Haven. In the new phase of the program, Yale is increasing the
annual payment to each participant from $2,000 per year to $2,500.
Together with a first-year incentive payment of $5,000, the grant totals
$30,000. The number of Yale University employees who have bought homes
through the program reached 835 at the end of 2007.

Dean Who Transformed School of Architecture Named to Third Term
Robert A.M. Stern '65 M.Arch. will begin a third five-year term as dean
of Yale School of Architecture this July. "He has raised the profile of
the School and strengthened its national and international reputation,"
President Levin said in announcing the news. Since his appointment in
1998, Stern has transformed the Yale School of Architecture into an
international hub of architectural discourse, giving faculty
appointments to such leading talents as Frank Gehry, Zaha Hadid and
Richard Rogers and creating a public forum for the world architectural
intelligentsia to exchange ideas.

Copyright (c) 2007 Yale University
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