Progress monitoring is an ongoing process that begins immediately after the intervention plan is put into place.
The city was expecting a big chunk of money from the feds this year, but new paperwork shows theyâre suggesting the project gets almost $20 million less than the city budgeted for. The city of Albuquerque expects $69-million for federal funding this year for ART.
It relies, however, on larger endowments because it is a private institution with no state funding. The average endowment fund is $648.1 million, but the median is $115.8 million. Kaiser said Templeâs endowment fund is low because the university is late to the idea of fundraising. âI think some of the other schools realized how valuable fundraising can be before Temple did,â he said.