David Boren says he expects OU to hit $1B mark in endowments

Thursday, January 26th 2006, 6:13 am
By: News On 6

NORMAN, Okla. (AP) -- University of Oklahoma President David Boren says he expects the university to reach the $1-billion mark in endowment funds with the next three years.

He says OU currently has $850-million in endowments. He says only 14 public universities are in the $1-billion club, and none of those are in Oklahoma.

Universities use endowments to pay for expansion, research and hiring top faculty.