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American Psychological Association. (2009, May 1). University endowments hit hard. Monitor on Psychology, 40(5). https://www.apa.org/monitor/2009/05/university

Educational endowments shrank by 2.8 percent in FY 2008, and data from the first five months of FY 2009 show an estimated average return of -22.5 percent, according to a survey of 435 institutions of higher education.

may09-university

Source: Commonfund Benchmarks Study of Endowments
* First five months.

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