The people running the world's big endowments don't like to make big macro bets about things such as the likelihood of a global cap-and-trade system being introduced, with the possibility of fossil fuel firms falling in value.
The Guardian's Keep it in the Ground campaign is calling on the world's two largest medical charities – the Gates Foundation and the Wellcome Trust – to divest their endowments from fossil fuels.
The Guardian's Keep it in the Ground campaign is asking the world's two biggest charitable funds – the Bill and Melinda Gates Foundation and the Wellcome Trust - to divest their endowments from all fossil fuels.
Even if Mr Modi cannot claim much credit for Gujarat's natural endowments, the state's annual GDP growth under his watch from 2001 until 2012 averaged almost 10%, a faster rate than India as a whole (see chart).
Of the separate meanings of equality, only one has become uncontroversial: that for all their unequal endowments, people have equal worth: "A man's a man for a' that," said Robbie Burns.
Endowments at some American universities dwarf income from fees.
Charities and endowments tend to spend 4% of their portfolios each year; if their real return is only 3%, they will steadily deplete their spending power.The sponsors of American corporate-pension plans still expect 7.6% nominal returns from their portfolios, and fund their schemes accordingly.
Most of the biggest grants in just about every field go to institutions with large endowments for the simple reason that they are best equipped to carry out research.
Universities also get a continuing government subsidy of £4,000 or so per undergraduate, as well as much higher fees from foreign students, money from research contracts and income from endowments.
But it confiscated Muslim religious endowments, arguing that they fell under the auspices of the chief mufti based in East Jerusalem, then under Jordan's enemy rule.
At elite American universities, where endowments have shrivelled and hiring is down, increased interest in economics is among the most benign of the recession's effects.Yet the crisis has also highlighted flaws in the existing macroeconomics curriculum.
