Latin America and Africa too have very substantial endowments.
"We're giving them 153 years of history, real estate, buildings, endowment," said George Likourezos, the president of the alumni association, who traveled to Albany to see state officials.
Why not a progressive tax, based on the value of a non-profit's assets - real estate, collections, endowment (per student), etc.? Generous tax reductions could be given to those that find creative ways to afford significant access to the poor or middle class.
The end became the beginning, the beginning the end, and the middle turned into a boxing match in which battles over careers, sexual endowment and real estate ("I heard you rent") are organized in rounds refereed by a woman in a blue bathing suit.
"They have a sound endowment and sound real estate resources," he said.
The bad news is that students may not see real financial benefits from the endowment for years to come.
Shoppers in the real money condition received an endowment at the beginning of the task.
His will included the $100,000 Tarsus American College endowment, $850,000 of real estate ($ today), and $500,000 worth of personal property ($ today), making his estate worth $1.35 million $$ today).
Endowment volatility has very real consequences for the many future commitments universities make to people and to growth.
For the 1,300 endowments studied, the median annual real rate of return was 6.9% between 1993 and 2005, while the 20 best performers generated average real annual returns of more than 9%.
