In the last fiscal year, its endowment lost some 30 percent of its value—or $12 billion—leading to layoffs and hiring freezes.
The University of Rochester's endowment dropped by 25% percent in the past six months.
And though Harvard has a $30.7 billion endowment, “there is no endowment dedicated to providing mental health services.”
We wanted to create an endowment—just money set aside that we do not touch.
Harvard, for instance, reported a 2011 endowment of $31.7 billion—up from $25.5 billion in 2005.
He enhanced the endowment by diligent study in the high school at Prato, in Tuscany, where he spent his boyhood.
But is an endowment ever a blessing to the man who receives it?
Take an extreme case and suppose a man who has just received forgiveness for his past and the endowment of a new nature.
"It's there you are a fool," she said, moved actually now by his numbness to his own endowment.
We have received in addition to this $1,000 for an endowment Fund.