Polinak Quoted on Colleges’ Endowment – Hobart and William Smith Colleges \
The HWS Update

Polinak Quoted on Colleges’ Endowment

Endowments at local colleges were featured in the Democrat and Chronicle on Feb. 1. The article said most of the nation's colleges, including many in the Rochester region, saw notable gains in 2004 in the size of their endowments, according to a new survey by the National Association of College and University Business Officers.

“Endowment money generally makes up about 5 percent of a college's annual spending,” said Peter Polinak, treasurer and vice president of finance.

The endowment at Hobart and William Smith Colleges is $129 million.