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I don’t understand something here.
Endowment is defined as :Endowments may generally be described as assets (usually cash accounts that are invested in equities or bonds, or other investment vehicles) set aside so that the original assets (known as the “corpus”) grow over time as a result of income earned from interest on the underlying invested funds.
Harvard is reported to have over 50 billion in endowments. What effect will pulling 3 billion in Federal funds have on that size egg? Invested prudently, that money will last as long as there is money.
Endowment is defined as :Endowments may generally be described as assets (usually cash accounts that are invested in equities or bonds, or other investment vehicles) set aside so that the original assets (known as the “corpus”) grow over time as a result of income earned from interest on the underlying invested funds.
Harvard is reported to have over 50 billion in endowments. What effect will pulling 3 billion in Federal funds have on that size egg? Invested prudently, that money will last as long as there is money.