in this wager against the future, austerity is partly a moral calculus. For funds can grow with compound interest, but so too can ideas.”
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I think he means "liquid," not "illiquid"
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“If (universities’) goal is to continue into the deep future, then spending more now could better prop up the university’s scholarship-driven mission than hoarding in strict deference to the dollar,” Bernard wrote. “The example of graduate funding illustrates how,
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Interesting and informative article. Thanks. Endowments can be very helpful. But the nonprofit and should set it up only after a careful conversation and a joint agreement. It so happened that I'm currently writing an essay on the topic. I should say, this source https://writinguniverse.com/free-essay-examples/crime/ includes a lot of useful info, so it helped me. Turning back to endowments, it is important to keep in mind that they are invested in perpetuity and that endowment life insurance policies do not have investment risk or interest rate risk.
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