Many Small Private Colleges Thrive With Modest EndowmentsWith all academe's interest in endowment growth, we may sometimes lose sight of the fact that a college's purpose is not to acquire wealth but to educate students. Isn't that what public colleges do best? Actually, no. It's what small private colleges do best, by operating with a focus and efficiency that make the... Copyright © 2008 by The Chronicle of Higher Education Subscribe | About The Chronicle | Contact us | Terms of use | Privacy policy | Help |