Although many people and organizations have recovered from the crash of 2008, the event still sent shockwaves through the country, including the sectors known as financial and nonprofit. Even Ivy League universities, where ivy isn’t the only green in abundance, took a hit.
During Fundraising Day in New York 2013, sponsored by the New York City chapter of the Association of Fundraising Professionals (AFP), Gregory J. Muth of Columbia University said that everyone learned a chastening lesson, even Yale University, which has enjoyed huge success with its investment approach, known as the Yale Model.
Muth said that regardless of model, universities were hurt because they kept little of their money in cash, and in fact large Ivy League endowments fared worse.
He outlined the following lessons:
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