Exact(20)
The decline in endowments is also affecting construction projects.
Universities hold at least $340 billion in endowments.
The two richest universities, Harvard and Yale, together have about $60 billion in endowments.
Many invested in endowments which are falling far short of their expected maturity values.
However, most of the money in endowments was invested in with-profits funds, which have seen their values plummet over the past eight years.
While it's been widely touted that colleges and universities have some $400 billion in endowments, only a small percentage is actually in fossil fuel stocks.
Similar(38)
Harvard has been among the trendsetters in endowment management.
The study analyzed data from 842 institutions with a total of $306 billion in endowment assets.
Many major orchestras have suffered similar shortfalls and declines in endowment as the economy worsened.
In the last 10 years, Harvard and Yale have been the leaders in endowment performance.
Exeter now has nearly $1 million in endowment assets for each of its students.
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