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Subject: Re: Harvard Throwing In The Towel on Endowment Management


Author:
Calvin
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Date Posted: 11:36:25 01/27/17 Fri
In reply to: joiseyfan 's message, "Re: Harvard Throwing In The Towel on Endowment Management" on 17:28:32 01/26/17 Thu

5% of the endowment principal, or of the income?

Spending principal is not usually a viable long-term approach.

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Author:
joiseyfan
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Date Posted: 15:43:06 01/27/17 Fri

Principal. Look it up.

If the major institutions continue to horde funds, the Feds are liable to require them to spend more than that if they want to remain tax exempt.

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