October 3, 2008

Colleges Lower Their Expectations for Endowments

By KATHRYN MASTERSON

After years of double-digit gains, college endowments are feeling the pinch from distressed financial markets. Some colleges are reporting negative rates of return for the fiscal year that just ended, and even those that performed better are wondering what the current financial crisis will mean.

If the market's slide continues, or the credit crunch worsens, some institutions may put off certain projects until conditions improve.

"This is an extraordinarily serious situation,"

Print Subscription

Digital Subscription

Already have an account? Log In Now.