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Survey Finds Record Losses for Investments by College Endowments
College endowments lost an average of 18.7 percent on their investments last year, the worst showing by far in the nearly 40-year history of the National Association of College and University Business Officers’ annual survey, The Chronicle of Higher Education reports.
The poor returns, combined with a significant drop in giving, sent the value of endowments down by 23 percent on average, according to the study, results of which were announced Wednesday. In a reversal of past trends, the largest endowments took the biggest hits, with the five biggest — Harvard, Yale, Stanford, Princeton, and the University of Texas — reporting investment losses of 22.6 to 27.3 percent for fiscal 2009.
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| Print article | This entry was posted by Andy Markowitz on January 28, 2010 at 11:41 am, and is filed under Social Entrepreneurship. Follow any responses to this post through RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed. |