Most college endowments that have not gone overboard on illiquid investments and don't have a boatload of debt probably don't have to worry here.
Not exact matches
It's a practice that's more common than you might think, and Buffett counts pension funds,
college endowments, and savings - minded individuals among the parties
most likely to make such a mistake.
By his way of thinking, the
most pressing problems include a dramatic drop in
college and university
endowments, an ever increasing number of graduate students and recent PhDs who will likely never secure full - time academic jobs, and a graying, backward - looking professoriate that refuses to get out of the way.
Most of them» Columbia
College is a notable exception» are small and without large
endowments.
But they receive comparatively little attention relative to public
colleges and the for - profit sector, perhaps because the conventional wisdom casts private
colleges based on the profile of the
most elite institutions in the sector, which have large
endowments and charge high tuition to mostly wealthy students.
I suspect that is a losing battle
most of the time, because budgets are fixed in the short - run, and many clients have long term goals that they are trying to achieve — actuarial funding targets, mortgage payments,
college tuition, cost of living in retirement,
endowment spending rule goals, implied cost of funds, etc..