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Healy, Patrick – Chronicle of Higher Education, 1997
Half the endowment of Macalester College (Minnesota) is controlled by the Readers Digest Association, not the college. Macalester can not sell the poorly-performing stocks. Income from the stocks supports a need-blind admissions policy. Some faculty feel the endowment should be used to further enhance the college's distinctiveness. (MSE)
Descriptors: Administrative Policy, College Administration, College Admission, Educational Finance
