Does Your School Protect its Endowment?

Among the most shocking revelations is that the trustees of some endowments actually earn large fees for investing money for the endowments. That is a conflict of interest so shocking as to defy explanation.

Dartmouth.  Harvard.  MIT.  Boston University. Brandeis University.  All lost more than 20 percent of the value of their endowments in 2009.  It comes as no surprise, therefore, that a recent study from Center for Social Philanthropy (“CSP”) at Boston’s Tellus Institute finds that endowment investment policies are broken.   (more…)

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