Endowments Post First Gain in 3 Years, but Some Still Lag. (cover story)

ENDOWMENTS; UNIVERSITIES & colleges; INVESTMENTS; SURVEYS; ASSOCIATIONS, institutions, etc.

Reports on the findings of a survey sponsored by the National Association of College and University Business Officers which looked into the performance of endowments in the U.S. in 2003. Investment gains posted by college and university endowments; Factors contributing to the posted losses; Increase in the combined end-of-year value of all endowments.