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ERIC Number: ED032832
Record Type: RIE
Publication Date: 1969-Aug
Pages: 65
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Managing Educational Endowments. Report to the Ford Foundation.
Ford Foundation, New York, NY.
In autumn of 1967, the Ford Foundation formed an Advisory Committee on Endowment Management to study and report on problems of university endowment management. Although the Committee unanimously endorsed the basic themes of this report, it reflects a range of views about the history, style and consequences of investment policy decisions. Colleges and universities in the US have a poor record of endowment management because primary emphasis has been given to avoiding losses and sustaining income. The most important present responsibility of trustees of these institutions with respect to endowments should be to shift their objective to maximizing the long-term total return. The total return can be increased sufficiently to permit a larger annual contribution to operations, a greater long-term growth, and a significant increase in the future safety of the endowment. Ten major principles and policies to govern the action of trustees are set forth. Appendices contain supplementary comments by committee members; tables on investment performance of college endowments; a plan for endowment support of operations; and the unit method of measuring investment results. (JS)
Ford Foundation, Office of Reports, 320 East 43rd Street, New York, N. Y. 10017
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: Ford Foundation, New York, NY.
Identifiers: N/A