For a large endowment fund with a seemingly conservative approach to investing, the returns generated by the £18bn Wellcome Trust are extraordinary.
Despite some assertions to the contrary, logic and experience indicate that barring investments in a major, integral sector of the global economy would — especially for a large endowment reliant on sophisticated investment techniques, pooled funds, and broad diversification — come at a substantial economic cost.
The curators are especially important at the Wadsworth, where they have a large endowment for purchases — about $1.5 million annually.
Many potential donors are also weighing appeals from Mrs. Clinton and her husband, who are trying to raise a large endowment for their family foundation.
Both lawmakers, however, said they were willing to consider the governor's proposal to create a large endowment for SUNY and CUNY by selling a portion of the state lottery to a private owner, but needed more details before making any decisions.
She surmises that it'll take both a waiver of liability and a large endowment for ELA to survive over the long haul.
Jackson later gave the hospital a large endowment for research into burn treatment and the singer reportedly was extremely angry when the center--which bore his name--shut its door with little notice.
In terms of wider society, charitable giving for the broader public good could be undermined if donations increasingly go to a narrower band of causes (for example, large endowments going to private educational institutions or the arts rather than being spread more evenly across smaller local charities).
For instance, large endowments (limited partners use it to keep in touch with managers of venture capital funds, real estate funds, and hedge funds who they've met).
There will be limited money for capital investment and there will be no money for large Catalyst endowment grants, a scheme intended to encourage philanthropy.
