Average college endowment returns plummeted 18.7% last year, the worst decline for higher education since the Great Depression, a report says. Overall, higher education endowments fared better than other indexes; the widely used S&P 500 was down 26.2% over the same period, the 12 months ending last June 30. And, the report notes, the economic forecast has improved for 2010.
Office of Strategic Communication