The Sock 'Em, Bust 'Em Board Because that's our custom

Foundation crumbling

(Web issues solved. Sorry for the delay.) 

Yikes. The WVU Foundation, which is the private fundraiser for the university, is cutting 65 salaries by 4.6 percent, slicing some health benefits and leaving six vacant jobs open. Feel free to connect the dots.

The foundation has seen a 22.3 percent decline in the value of its investments, which were worth about $417 million this time last year. That decline, though, is not as steep as investment declines at universities that WVU considers its peers. 

Funds from the endowment represent about 5.5 percent of WVU’s operating budget.