 |
 |
|
IRS Approves Unusual Investment Option
By Elizabeth SchwinnStanford University has secured a ruling from the Internal Revenue Service that allows its donors to invest their contributions along with the institution's endowment.
Donors have good reason to want Stanford's endowment managers to invest their gifts: Over the 10-year period that ended in June, Stanford's endowment had annualized returns of almost 15 percent,...