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In its annual letter, the endowment laid out the performance of its various assets and the degree to which each sector missed or exceeded benchmarks.
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Faced with huge market losses in their endowments, many of them have laid off employees, frozen wages or canceled exhibitions.
The Austin Museum of Art, which has also laid off staff members, had hoped to raise $92 million in a capital campaign for its endowments and a new building.
Stanford University in California has laid off 412 employees over the past eight months and plans an additional 60 layoffs this year to offset a steep drop in the value of its endowment.
He also laid the groundwork for Longwood's future: by the time he died in 1954, it was being operated by a foundation with a public mission, which was supported by an endowment that received the bulk of his $60 million estate.
Especially laid.
(lay, laid, laid, laying).
With a budget of $21 million and an endowment nearing $70 million, the Atlanta Symphony lays claim to being the largest performing arts organization in the Southeast.
In the Roman Catholic Church it has been maintained that a special charismatic sacramental endowment conveying an indelible "character" has been conferred on those who receive valid ordination by the laying on of hands on their heads by bishops (who thus transfer to them the "power of orders"), prayer, and a right intention.
a Before laying.
Continue laying.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com