Opinion: Requiring Colleges to Spend More From Their Endowments Would Be Bad for All Nonprofits - The Chronicle of Philanthropy: " effect, Professor Fleischer’s proposal is a recipe for shrinking the size of endowments altogether in the not-so-long term. He might rather like that idea, in fact, given the extent to which he criticizes investment funds and their managers, who, he implies, receive ill-gotten and outsize gains for their work. But populist envy is not a substitute for prudent financial stewardship, and relative stability and incremental gains in endowment assets simply can’t be assumed to be inevitable."
'via Blog this'
No comments:
Post a Comment