Columbia leans on endowment to offset Donald Trump’s funding cuts
New York Ivy League school takes rare step of drawing on assets to create a ‘research stabilisation fund’
New York Ivy League school takes rare step of drawing on assets to create a ‘research stabilisation fund’

Columbia University’s settlement with the Trump administration marks a significant erosion of institutional autonomy

Foundations may reduce distributions by up to a fifth in response to spending plan’s tax rise on endowment profits

Higher levies on endowment income will more than offset an increase in investment returns

The nurturing of in-house talent and close partnerships with external managers helped drive returns

Pullback underscores concerns about looser underwriting standards and rising credit risks

American donors take precautionary action after president vows to pursue those supporting liberal causes