"It's a False Dichotomy." Questioning Perpetuity and Spend Down with Clara Miller

"It's a False Dichotomy." Questioning Perpetuity and Spend Down with Clara Miller

Former Heron Foundation President Clara Miller says funders should move beyond dogmatic adherence to both perpetuity and spend-down, toward a more nuanced understanding of aligning money to mission.

Read More

University Endowments Have Grown Dramatically. How Should Officials Allocate the Earnings?

University Endowments Have Grown Dramatically. How Should Officials Allocate the Earnings?

A surging stock market boosted university endowments to stratospheric levels over the last fiscal year. We take a look at how officials may apportion their massive annual disbursements—and how they probably won’t.

Read More