Should Universities Spend More From Their Endowments?
During the virus-driven recession, universities are wrestling with whether they should dip deeper into their endowments. In this Chief Investment Officer article, Managing Director, Tracy Filosa discusses the results of a recent client survey.
“There is a great deal of uncertainty like we haven’t seen ever before,” said Tracy Filosa, Managing Director at Cambridge Associates. “This is a year that really stands out and shows that these organizations are looking everywhere including the endowment to try to figure out how to balance their financial equation. A small increase one time is not going to have a substantial impact, but a much higher increase, and especially if it’s for multiple years, can significantly change the market value of the endowment and how it supports the institution going forward,” Filosa added.
Read the full article here.