The GW Hatchet News August 27, 2009| Page A3 Group Robberies Increase Near Campus Fobogro Owners Aim for Nov
An independent student newspaper • Serving the GW community since 1904 • Always online at GWHATCHET.COM The GW Thursday • August 27, 2009 Volume 106 • Issue 4 HATCHET GW ENDOWMENT DROPS 18 PERCENT The average loss for univer- Fund still above sity endowments was 23 percent, according to a report released by the National Association of Col- national average, lege and University Business Of- ficers in January. The endowment, which dipped below $1 billion administrators say this summer, stood at $1.008 bil- by EMILY CAHN lion on June 30, when the fiscal Campus News Editor year ended, Executive Vice Presi- dent and Treasurer Lou Katz said GW’s endowment lost nearly last week. $250 million over the last fiscal “We think it was a very good year, an 18 percent drop, but Uni- performance,” Katz said of the Uni- versity administrators maintain versity’s endowment. “Obviously that GW is one of the lucky ones in higher education. See LOSS: Page A8 Total GW Endowment, Fiscal Years 2005-2009 $1.256 Billion VIKTORS DINDZANS | PHOTO EDITOR The School Without Walls, located at 2130 G St., opened for its first day of class on Monday. The building has gone under a $39 million $1.147 Billion renovation project, which, after two years of work, concluded this summer. SEE GWHATCHET.COM FOR MORE PHOTOS School Without Walls reopens $963 Million $1.008 Billion Renovated school welcomes students after two-year closure $823 Million by GABRIELLE BLUESTONE means students will be able to Metro News Editor “I’m just happy to be back, communicate online with schools in Ghana and Nigeria, where 20 2005 2006 2007 2008 2009 When students in Carlton Ack- really.
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