How does the size of Concordia’s endowment compare to other private colleges and universities?
The Council for Advancement and Support of Education (CASE) reports that the median U.S. higher education endowment is less than $100 million. In comparison to the 17 colleges in the Minnesota Private College Council, Concordia University, St. Paul’s endowment is relatively small. At the end of the 2007 fiscal year, the largest endowment within the council was more than 35 times the size of Concordia’s. Q: How has the recent down-turn in the economy affected endowments? A: Both stock and bond funds were terribly beat up in 2008 and that was precipitated by the credit crisis that started in 2007. Stocks have been hurt worse because they are more volatile in the short run, but over the last 60 years, they have had the biggest returns. So, I am optimistic about the long-term growth of Concordia’s endowment. There is no question in my mind about its positive growth in the years to come. Q: Should the current economic situation deter donors from setting up an endowment? A: No. Now is an exc
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