Managing Educational Endowments: Report to the Ford Foundation |
Common terms and phrases
achieve ANNUAL AVERAGE Appendix appreciation assets believe bonds capital gains colleges and universities common stocks companies constraints on endowment converted into cash corporations current operations decision-making decisions delegate diversification dividend yields dividends received economic educational institutions endowment funds endowment investing endowment management endowment portfolio endowment support endowment to operating financial planning fixed-income securities Ford Foundation forecasting future Growth Stock important inevitably interest and dividends Investment Committee investment manager investment performance investment results investors June 30 liquidity long-term growth long-term return long-term total return major market value marketable securities maximizing maximum long-term total maximum total return measurement ment mutual funds number of units objective of maximum operating funds ordinary income outstanding policy of investing portfolio manager potential pressure primary emphasis principal problem rate of return recognize reinvested responsibility retained earnings rewards risk safety selection short-term fluctuations tion trust law turnover unit method University of Rochester valuation volatility