February 6, 2004
Managing Endowments in 2004
Despite the recent uptick in investment markets, colleges must come to grips with the fact that, from a financial perspective, the decade of the 1990s was a historic anomaly. A nearly perfect confluence of outstanding returns on endowment investments, low inflation, high levels of giving, and increased demand for educational services gave many institutions a sense of economic well-being never contemplated 10 years ago. For example, from 1992 to 2002, the average endowment experienced annual
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
-
The Chronicle Review
-
Government
-
Advice
