Colleges feel crunch, too
WASHINGTON — Princeton University President Shirley Tilghman appeared to suggest Monday that her school’s endowment posted a small but positive return in fiscal year 2008, giving more hope that Yale may also have been able to avoid losing money despite the rough economic climate.
Speaking at a roundtable discussion here on the subject of endowment spending, Tilghman stressed the variability in investment performance as one of many reasons any government-mandated payout rate would hurt America’s universities.
Though it has soared in recent years, back in the first two years...
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