This isn't a football game where there's a winner and a loser. This is a market where we can all do well and support our institutions.
Andrew Golden
The bulk of that discrepancy [between investment returns and overall endowment growth] was that spending was greater than gifts into the endowment.
gifts investment greater
In most environments, [schools with bigger endowments] do better, including some of our closest peers.
loser game football support market winner institutions
We want to spend as much of the endowment as possible, subject to two constraints? Preserving purchasing power into perpetuity and assuring that the spending stream is relatively stable. Your great-grandchildren need to get the same economic benefit that you're getting now.
power benefit
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