December 19, 2003
Endowments: a Slight Upturn but an Uncertain Future
Related articles: Financial Outlook 2004College and university endowments earned modest returns of 3 percent on their investments in the 2003 fiscal year, a glimmer of hope for the future after two dark years in which institutions lost billions of dollars.
Endowments' rebounding fortunes, however, are expected to be modest in comparison with their performance during the late 1990s, when some endowments earned 40
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