December 19, 2008
Modesty Can Be a Virtue for Endowments in Hard Times
2 universities, one private, one public, show how small funds can suffer less than big ones in an economic downturn
When Widener University's endowment hit $50-million, a significant accomplishment for this growing institution, administrators celebrated by planting a tree on the campus.
It was an appropriate symbol for a fund that started out with $2-million in 1980 and has grown rapidly in recent years. The endowment, which was $33-million when James T. Harris III became
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