Many arts groups are heavily invested in the stock market, and rely on endowment revenue to survive. “The arts groups’ predicament has some managers asking whether endowments should be regarded more as rainy-day funds than as annual producers.”
Many arts groups are heavily invested in the stock market, and rely on endowment revenue to survive. “The arts groups’ predicament has some managers asking whether endowments should be regarded more as rainy-day funds than as annual producers.”