College Endowments

College Endowments - Sciences, Education, Art, Writing, UFO - Posted: 13th Aug, 2009 - 10:52am

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Post Date: 13th Aug, 2009 - 10:52am / Post ID: #

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College Endowments

Recession hits colleges' endowments
Local universities suffer a major loss of income

California State University San Marcos' endowment began with a $450,000 gift in 1996. Twelve years later, the fund was valued at more than $14.6 million. Greg Svatora, the school's director of finance and business services, said he knew the university couldn't count on double-digit gains in the stock market forever. Ref. Source 3

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