October 1, 2009
Hospitals Saw Endowments Drop 21% in 2008, Study Finds
Nonprofit hospitals and other health-care groups suffered an average drop of more than 20 percent in the value of their investments last year, a new study has found. The study was based on data from 143 endowed health-care charities; the 21.2 percent drop they reported was by far the worst result since the study began in 2002.
By comparison, the average investment gains in previous studies were 8 percent in 2007, 10.6 percent in 2006, and 6.3 percent in 2005. The only other negative
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