Wellesley College lost $344 million last year

Wellesley Townsman, Needham, Mass.

February 5, 2010

Wellesley College lost $344 million last year, leading the prestigious women's school to cut 95 jobs. In a letter to the Wellesley College community, Andy Shennan, dean of the college, said the financial troubles are expected to continue. "Our projections indicate a series of years, beginning in 2011-12, in which we will face $10 to $12 million deficits in the college's operating budget, as the full impact of last year's endowment decline takes effect."