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...
Read moreNorthwestern Endowment Performance 2019
The school announced their endowment figures last week. Northwestern’s endowment decreased from $11.08 billion to $10.8 billion in the 2019 fiscal year, after its long-term balance pool underperformed relative to expectations and a withdrawal to...
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