<p>Actually, I have the UCONN viewbook and they do say 2.3 billion dollars</p>
<p>Thanks for the backup =D</p>
<p>JPod,</p>
<p>I think that you are confusing "investments in infrastructure" with an endowment." They are very different terms. A financial endowment is money that is donated to a college with the stipulation that it be invested (stocks, etc.). With an endowment, the principal remains intact and only the income can be spent to support the institution (some funds are restricted for particular purposes i.e. restricted funds). By contrast, investments in infrastructure are money that the school spends on campus improvements. This money is typically borrowed by the college through debt service bonds.</p>
<p>A quick Google search confirmed that in 2000, the Connecticut Legislature passed an act to enhance the infrastructure of the University of Connecticut, now known as UCONN 2000. The purpose of the act was not to boost UConns endowment but rather a commitment by the legislature to borrow up to $900 million through debt service commitment bonds to fund improvements to the various UConn campuses. </p>
<p>UConn also sought to obtain $300 million in private financial commitments. As of 2002, UConn was able to raise $181 million toward its $300 million dollar campaign goal. The campaign ended in 2004. From 1995 to 2002, UConns endowment increased from $50 million to $210 million. As of 2005, UConns endowment, as verified by their website stood at $270 million. There is absolutely now way that UConns endowment increased by $2 billion is one year (esp. since their fundraising campaign ended in 2004 and it previously took the school 10 years to raise $160 million). </p>
<p>Its all explained here:
<a href="http://www.uc2000.uconn.edu/reports/report14/#finance%5B/url%5D">http://www.uc2000.uconn.edu/reports/report14/#finance</a></p>
<p><a href="http://uconn.edu/about/pgiving.php%5B/url%5D">http://uconn.edu/about/pgiving.php</a></p>
<p>I hope that this clears up the confusion.</p>
<p>Sorry but you lose.</p>