Some Sorry Responses to the Meltdown
The formal count is finally in: university endowments fell an average of 22.5% in the first six months of Fiscal Year 2008-09 (starting July 1, 2008). Returns for 2008 overall, including the first half of the year, were better, but that was the end of an era. The Inside Higher Ed coverage linked above also noted the continuation of an established trend: The richest colleges...
