June 15, 2000

Endowment Assets Nationwide Climb to Nearly $600-Billion, New Study Finds

By THOMAS J. BILLITTERI

Assets in endowments total nearly $600-billion and are expected to grow at an average annual rate of 6 to 8 percent over the next five years, a new study has found.

Colleges and universities have the largest endowments, on average, according to the study,

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