Posted 12/02/05 Wesleyan will reduce its budgetary reliance on endowment over the next five years as part of a strategic effort to increase the size of the endowment. At the same time, it will spend more on fund-raising activities with the expectation of substantially increasing revenues, and it will invest a higher proportion of new gifts in the endowment. According to "Engaged with the World," the strategic plan adopted by the trustees last spring: "One of our highest priorities will be to support a growing proportion of essential and predictable costs (faculty salaries, financial aid) through the endowment. Over the…