P30 Guardian endowment loses £90m in a year.
Harvard, the wealthiest of American colleges, saw its endowment drop $900 million to $18.3 billion within a year.
Taking a Wealthy Dinosaur Into the Space Age When Ellen Futter took over the Natural History Museum in 1993, it was one of the city's wealthiest cultural institutions, with a $220 million endowment and three million visitors a year.
These rules led to complaints to the ombudsman about mortgage endowments totalling nearly 70,000 a year at their peak in the middle of the last decade.
Over the long term, Yale's endowment returned an average of 16.62% annually between 1985 and fiscal 2008, while Harvard's endowment returned more than 15% a year over the same period.
It raises a further €20m a year from endowment income and donations.
Attendance was down to 220,000 a year; the endowment, $38 million, was low and stagnating for a museum of its size; even the air- conditioning needed to be fixed.
The median income of the 971 farm workers in the November study, sponsored by the California Endowment, was less than $10,000 a year.
The company had been in financial trouble for a decade, and never recovered from a disastrous series of decisions in the period from 2007 to 2009, when it raided its endowment and put itself on a year's hiatus.
These days the arts endowment receives about 100 applications a year for film projects, about a fifth of what it received before 1995, said Laura Welsh, acting director of media arts at the agency.
