A Time of Change

A recent headline in The Chronicle of Philanthropy tells the story: Recession's Hard Lessons Lead to Changes in Endowment Policies: The bulls may be back in control on Wall Street, but the painful lessons that endowment managers endured just a year ago are leading to a number of changes that affect how the funds are managed.

Arecent headline in The Chronicle of Philanthropy tells the story: “Recession's Hard Lessons Lead to Changes in Endowment Policies: The bulls may be back in control on Wall Street, but the painful lessons that endowment managers endured just a year ago are leading to a number of changes that affect how the funds are managed.”1

The article goes on to cite the results of a recent survey, in which 23 organizations — roughly twice as many as a year ago — told the Chro

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