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Corporate & Securities Law

: Representing Investors

Foundations, Universities, Nonprofits Face Dwindling Endowments From Failed Investments

By Keith Griffin

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A downturn in the economy, coupled with bad investments in auction rate securities and other risky financial instruments has left many foundations, universities and nonprofits with record low endowments. A March 2009 study from the Commonfund Institute showed that endowments at colleges, universities and independent schools saw their worst performance ever at the end of [...]

Full post as published by Representing Investors on March 20, 2009 (boomark / email).

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