Amid push for transparency, few colleges reveal investments

Staff Writer
Columbus CEO

BOSTON (AP) — Colleges and universities are under growing pressure from Congress and campus activists to reveal financial investments made through their endowments, but most institutions are standing firm against the idea.

The movement includes federal lawmakers who are questioning whether to tax colleges on their investment profits. That can amount to billions of dollars a year. Many students and alumni are making inquiries too, demanding to know whether schools invest in certain industries.

Those moves challenge the privacy that has long been granted to university endowments, which are large pools of investments meant to provide financial aid to current students and to sustain the schools for future generations.

Records requests made by The Associated Press to dozens of the nation's wealthiest colleges show a continued push to keep investments secret.