May 30, 2011
Nonprofits Weigh the Costs of Paying Debts With Endowment Assets
Some charities are considering an idea that would have seemed radical only a few years ago—whether to pull funds out of their endowments to pay off debts.
The very consideration of the idea is a testament to the lasting scars of the financial crisis, which led to a sudden drop in endowment values at the same time that other sources of charity revenue were also falling.
Wes French, an investment adviser in Atlanta who serves on the investment committees of several local
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