Several colleges and universities lost millions in the alleged $50-billion Ponzi scheme run by the Wall Street trader Bernard L. Madoff. The losses include institutions' endowment holdings in hedge funds that were invested with Madoff as well as hits taken by supporting foundations and donors. Several foundations that have been active in higher…

College governing boards are becoming more effective and engaged but continue to fall short in some areas, according to survey results released today by the Association of Governing Boards of Universities and Colleges. The association's survey of almost 700 public and private colleges, conducted last year and described as the first detailed…

This article reports that a pair of university presidents is among the people feeling the heat from the collapse of the investment bank Bear Stearns. Henry S. Bienen, president of Northwestern University, and the Rev. Donald J. Harrington, president of St. John's University, in New York, were among the 12 members of the Bear Stearns Companies'…

Administrators at West Virginia University violated procedures and displayed poor judgment in their "seriously flawed" response to an inquiry about a high-profile academic transcript, according to a report issued last week by an independent panel. The harshly worded report found that when the "Pittsburgh Post-Gazette" raised…