(4 quotes found)
“The bulk of that discrepancy [between investment returns and overall endowment growth] was that spending was greater than gifts into the endowment.”
Andrew Golden
“In most environments, [schools with bigger endowments] do better, including some of our closest peers.”
“This isn't a football game where there's a winner and a loser. This is a market where we can all do well and support our institutions.”
“We want to spend as much of the endowment as possible, subject to two constraints ? preserving purchasing power into perpetuity and assuring that the spending stream is relatively stable. Your great-grandchildren need to get the same economic benefit that you're getting now.”
