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: Princeton University
Famous quotes containing the word organization:
“Unless a group of workers know their work is under surveillance, that they are being rated as fairly as human beings, with the fallibility that goes with human judgment, can rate them, and that at least an attempt is made to measure their worth to an organization in relative terms, they are likely to sink back on length of service as the sole reason for retention and promotion.”
—Mary Barnett Gilson (1877–?)
“The village had institutionalized all human functions in forms of low intensity.... Participation was high and organization was low. This is the formula for stability.”
—Marshall McLuhan (1911–1980)
“I will never accept that I got a free ride. It wasn’t free at all. My ancestors were brought here against their will. They were made to work and help build the country. I worked in the cotton fields from the age of seven. I worked in the laundry for twenty- three years. I worked for the national organization for nine years. I just retired from city government after twelve-and-a- half years.”
—Johnnie Tillmon (b. 1926)