TITLE

College and University Endowments Have Shown Long-Term Growth, While Size, Restrictions, and Distributions Vary

AUTHOR(S)
Brostek, Michael
PUB. DATE
February 2010
SOURCE
GAO Reports;2/23/2010, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article presents the report from the U.S. Government Accountability Office (GAO) concerning the size and change in value of the country's colleges and universities' endowments. The report examines the institutions' distribution of endowment assets and the extent to which endowment funds are restricted for financial aid and other purposes. It reveals that case-study institutions' endowments have showed an average, inflation-adjusted long-term growth of 6.2% per year since 1989.
ACCESSION #
58603144

 

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