How has the colleges endowment been affected by the recent economy?
The value of our endowment has continued to decrease, reflecting declines in virtually all markets and asset classes. At January 31, 2009, the value was estimated at $50.3 million, down about 29 percent from the prior year. Our Investment Committee continues to monitor the endowment, carefully managing its allocation to various asset classes and investment managers. It is well-diversified and prudently managed.
