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Under his tenure, it evolved into one of the two best economic institutions in Russia, with an international reputation — an independent organization that built its own endowment at a time when endowments, in post-Soviet Russia, were barely familiar.
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All of these things are happening at a time when some schools are boasting endowments the size of the GNP of a small country and other colleges are closing their doors due to financial constraints.
Back then, however, the industry was quite small: overall assets only passed $200 billion in 2000.That strong performance attracted the attention of pension funds, charities and university endowments at a time when their portfolios had been clobbered by the bursting of the dotcom bubble.
But though driven to overuse her special physical endowments at a time when soma splurges were a market correction to the soul, as she puts it, she mostly skinny-dipped through the hedonist lifestyle, did what helped her develop better ways of relating to people and building an alternative community.
"That's particularly [true] at a time when U.S. universities benefit from both permanent endowments and the generosity of private foundations out of all proportion to those of our universities".
The continued expansion comes at a time when income from N.Y.U.'s $1.2 billion endowment has shrunk; the income was about $80 million less than what the university had budgeted for 2002.
There was a time when MSU lagged behind peer institutions in terms of endowments.
The chief executives of Britain's biggest insurers were yesterday slammed by MPs for accepting bumper pay rises at a time when millions of homeowners are facing shortfalls on their mortgage endowments.
The fund was created with the passage of the SERVE America Act last year and quickly became one of the hottest topics for discussion in the nonprofit sector, which saw it as a means of getting government financing for young but promising programs at a time when the economy has crippled much fund-raising and hobbled many endowments.
The film proved controversial, not simply because it explored sexual themes, including a story line about a gay man in prison, but because it received National Endowment for the Arts NEAA) funding at a time when the agency was under attack from conservative groups for using public funds to support sexually explicit works.
After taking office at a time when the university teetered on bankruptcy, he is credited with bringing the endowment to $930 million.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com