Academic

FORBES: College Endowments In Jeopardy. ?College and university endowments in the United States an?

By Glenn Reynolds

FORBES: College Endowments In Jeopardy. “College and university endowments in the United States and Canada collectively lost $93 billion during the 2009 fiscal year, according to a study jointly released Thursday by the National Association of College and University Business Officers and the Commonfund, which manages investments for nonprofit institutions. In a sign of how deeply the pain was felt throughout higher education, the study found that the average institution lost 18.7% after fees. The report’s findings were the grimmest since 1974, when the average college lost 11.4% of its endowment.” Okay, actually they were a lot grimmer than 1974 then, and you’d probably have to look back to the Depression for similar bad news.

Full post as published by Instapundit.com on January 28, 2010 (boomark / email).