When endowed.
Author | Dalrymple, Edwin A. |
Position | READERSWRITE - Letter to the editor |
I am writing to express my concern with the data presented in Regional Report ("Schools of Hard Knocks," April). As presented, the data will lead readers to believe that the percentages reflect endowment loss as a result of investment performance. The change in market value from year-to-year includes contributions and withdrawals from the endowment. As you may be aware, institutions add and remove funds from endowments to meet obligations and to comply with...
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