The nation's college and university endowments, struggling with declining gifts and massive investment losses, suffered their worst year since the Great Depression, sustaining an average loss of 18.7% in the year ending June 30, 2009, according to a new study. The study of 842 endowments by the National Association of College & University Business Officers (NACUBO) and the Commonfund Institute confirmed what many already knew—that the global economic crisis has taken a brutal toll. Read more at:
http://www.businessweek.com/bschools/content/jan2010/bs20100127_360651.htm
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