Investment Returns and Distribution Policies of Non-Profit Endowment Funds
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We present the first estimates of investment returns and distribution rates for U.S. non-profit endowments, based on a comprehensive sample of 35,755 organizations for 2009-2018, a period that saw a sharp drop followed by a lengthy appreciation in public equity values. Non-profit endowments badly
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美国国家经济研究局创建时间：
2018-12-01
