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Archive Home > 2009 > January > 12 > Recession shrinking college endowments

Recession shrinking college endowments

By The Associated Press / The Bulletin
January 12, 2009

SALEM — The economic recession is sapping several college endowment funds, money created when school officials invest donated dollars into stocks, bonds, real estate and elsewhere.

Earnings on investments provide a steady income for scholarships, programs, operations costs and other....

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