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So far, these tactics have failed.Few art museums can now rely on their endowment alone.
How universities invest their endowment funds is not normally headline news.
The committee pointed out that donations to universities and their endowment earnings were both tax-exempt.
Harvard, Yale and Stanford, the wealthiest universities, all lost more than 26 percent of their endowment values.
For example, universities should tell their students how much of their endowment funds are used for tuition relief.
Officials at the National Gallery say they will eventually sell the building and put the proceeds into their endowment.
In fiscal 2009, the universities, on average, spent 4.4 percent of their endowment assets, up from 4.3 percent the previous year.
In 1974 Japan offered a hundred million dollars toward their endowment with the promise of more to build a hq. in Tokyo.
The institutions spent an average of 4.3 percent of their endowment in fiscal 2010, and on average, annual giving paid for 6.2 percent of their operating budgets.
"People look at our endowment as though it is their endowment," she said, "but we happen to be serving a higher purpose here.
"Their dilemma has always been that they want more visitors, but their endowment is not huge, and not that many people go to that location," Mr. Champagne said.
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CEO of Professional Science Editing for Scientists @ prosciediting.com