It’s now official: Sweet Briar College is staying open. There are other vulnerable small colleges out there, but this one was less vulnerable than most. One of the issues that was addressed in the court order was one of restricted endowments. What are they? Simple: they are money donated to an institution for use for… [Read More]
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Tag: endowments
University endowments up 11.7% in fiscal 2013
The National Association of College and University Business Officers (NACUBO) and Commonfund have released their annual study of endowments, with some interesting information. The average institution reported a return of 11.7% after fees. Larger institutions tended to have better performance, with institutions that have over $1 billion in assets reporting returns of 16.2%, in part… [Read More]