Good article. I attended Hampshire in the 1970s and have stayed involved with the school. Two factors that have been kicked around the alumni discussion boards...

1) Hampshire's decisions (at various points over various issues) to divest their investments from "bad actors", such as companies doing business in apartheid South Africa in the 1970s. Did these investment decisions result in substantially less growth of their endowment? I rather doubt it, but this would be an interesting financial analysis.

2) The decision by President Mim Nelson in 2019 to not accept a new incoming cohort of students. Was this responsible foresight about the school's viability, or did it push to school into a downward spiral it could not recover from?