Abstract We examine the links between human capital and endowment investing. Harnessing detailed information on university endowments, we find that higher asset allocations to alternative assets accompany levels of in endowment’s investment process. Moreover, high are linked larger returns, even a risk-adjusted basis. The improved outcomes arise because endowments (i) capture returns can assets...

I have been associated with The Duke Endowment since 1963—first as a new medical Dean at Duke University, the Endowment’s major beneficiary, and then, in the last decade, as a trustee of the Endowment and a member of the Health Care Committee. Since 1963, my friends and colleagues have been Marshall Pickens1, Jim Felts, Tom Perkins1, Dick Henney, and Mary Semans1—all trustees of the Endowment. ...

This article analyzes the issues of improving mechanism providing rule-making process with scientific information. The purpose research is to develop relevant proposals, recommendations, and paper role endowment funds at present, their specific characteristics, organizational forms funds, goals best foreign experience in this regard. To achieve goal, various journalistic articles, opinions scie...

endowment and its related issues have an age-old history in the history of mashhad and have continued in various forms in different historical periods. the apex of endowment development in mashhad has been in the safavid period, which has been a unique trend in iran’s history. endowment in mashhad has continued in the pahlavi period and of course it has been the continuation of a historical tra...

Answer from the hero in Leo Szilard’s 1948 story “The Mark Gable Foundation” when asked by a wealthy entrepreneur who believes that science has progressed too quickly, what he should do to retard this progress: “You could set up a foundation with an annual endowment of thirty million dollars. Research workers in need of funds could apply for grants, if they could make a convincing case. Have te...

Over the past two decades, endowments have become an increasingly important component of the typical university’s resource base. We examine how U.S. doctoral institutions’ endowment payout policies and spending decisions are affected by financial market shocks to endowments. While most endowments have formal payout policies intended to smooth payouts over time, we find that universities are mor...

Philanthropy plays a major role in university-based scientific, engineering, and medical research in the United States, contributing over $4 billion annually to operations, endowment, and buildings devoted to research. When combined with endowment income, university research funding from science philanthropy is $7 billion a year. This major contribution to US scientific competitiveness comes fr...