Tag: Endowment

Endowment Role at Northwestern

What is the Uniform Prudent Management of Institutional Funds Act? Historically, nonprofits’ endowments were governed by the Uniform Management of Institutional Funds Act, a law enacted in 47 states in the 1970s. Under that law, endowments were...

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Risk Management at UVIMCO

It cannot be emphasized enough how important risk management is, especially during a crisis. UVIMCO measures and controls for market, liquidity, and manager-specific risks based on the risk tolerance of the University. We recognize that no single...

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Harvard Borrows a Billion Dollars

The school is enjoying one of the perks of having triple-A credit. The University will sell up to $573 million in revenue bonds through a state agency, use the proceeds to refinance outstanding debt, and sell $500 million in taxable bonds for...

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