College Endowment Returns Fall Steeply
The average return on college and university endowments dropped sharply in the last fiscal year, according to a preliminary study released on Thursday.
The endowments, on average, lost money in the fiscal year ending in June, declining by 0.3 percent.
The result is a steep reversal from the previous fiscal year when the average return was 19.2 percent.
» via The New York Times (Subscription may be required for some content)
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