January 24, 2008
Colleges Saw Endowment Gains of 17.2 Percent Last Year but Don't Expect a Repeat
Colleges earned an average of 17.2 percent on their endowments in the 2007 fiscal year, impressive returns that could prove to be an important financial cushion against a possible recession.
The overall return for the fiscal year that ended June 30 was the highest in nearly a decade, according to the annual report released today by the National Association of College and University Business Officers in conjunction with TIAA-CREF Asset Management.
In the months
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