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Endowment 101: A Play in Three PartsPart I: What is an endowment? Most Endowment 101: A Play in Three PartsPart I: What is an endowment? Most

Endowment 101: A Play in Three PartsPart I: What is an endowment? Most - PDF document

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Uploaded On 2016-12-04

Endowment 101: A Play in Three PartsPart I: What is an endowment? Most - PPT Presentation

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Endowment 101: A Play in Three PartsPart I: What is an endowment? Most schools have two pots of money: a general operating account and an endowment. To paychecks you deposit, a schoolÕs operating account is built up through tuition payments. The endowment, on the other hand, is analogous to your personal savings account. You probably do not withdraw money from your savings account on a daily basis. Savings accounts are often built up slowly and the money in them is generally intended for long-term use such as paying for college or a mortgage on a house. These funds are only open to a class of ÒaccreditedÓ investors, either institutions or high net worth individuals (over $1 million). They vary, but can be more risky than mainstream investment vehicles as they aim to get the highest returns. Managers focus on gaining the highest returns possible, and charge a pretty penny to do itÑmanagement fees may be as much as 50% of all profits.www.endowmentethics.org