Scandal could slow fund raising at Penn State

Nov. 17, 2011
University has hit 72 percent of its goal

From Christian Science Monitor: Penn State University has not found it difficult to raise money. In September, the university announced its endowment increased by $392 million this year and is currently valued at $1.83 billion. But the sex abuse scandal involving a former assistant football coach could slow the flow of money. The university's seven-year capital campaign, designed primarily to fund undergraduate and graduate student scholarships, has hit 72 percent of its $2 billion target, the university reports. Banking the remaining 28 percent may present a significant challenge.

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