Organization
The Trustees of Princeton University, a 40-member board, is responsible for the overall direction of the University. It approves the operating and capital budgets, supervises the investment of the University's endowment and oversees campus real estate and long-range physical planning. The trustees also exercise prior review and approval concerning changes in major policies, such as those in instructional programs and admission, as well as tuition and fees and the hiring of faculty members.
With an endowment of US$17.1 billion, Princeton University is among the wealthiest universities in the world. Ranked in 2010 as the third largest endowment in the United States, the university has the greatest per-student endowment in the world (over US$2 million for undergraduates). Such a significant endowment is sustained through the continued donations of its alumni and is maintained by investment advisers. Some of Princeton's wealth is invested in its art museum, which features works by Claude Monet, Vincent van Gogh, Jackson Pollock, and Andy Warhol among other prominent artists.
Read more about this topic: Colleges Of Princeton University
Famous quotes containing the word organization:
“The organization controlling the material equipment of our everyday life is such that what in itself would enable us to construct it richly plunges us instead into a poverty of abundance, making alienation all the more intolerable as each convenience promises liberation and turns out to be only one more burden. We are condemned to slavery to the means of liberation.”
—Raoul Vaneigem (b. 1934)
“It is essential that there should be organization of labor. This is an era of organization. Capital organizes and therefore labor must organize.”
—Theodore Roosevelt (1858–1919)
“One of the many reasons for the bewildering and tragic character of human existence is the fact that social organization is at once necessary and fatal. Men are forever creating such organizations for their own convenience and forever finding themselves the victims of their home-made monsters.”
—Aldous Huxley (1894–1963)