Endowment depletions rarely start with a formal decision. More often, one gift posted to the operating account doesn’t make it to the investment pool—and then another. Then the financial team decides to hold off on the transfer until the budget situation stabilizes. Then they make a formal resolution to spend at a slightly higher rate […]
endowment
Additional Endowment Spend: Symptom of a Larger Issue?
Many CFOs try to solve budget deficits by taking larger draws on their endowment. This may be a short-term option, but it is not sustainable.