In a constantly changing economy, William Jewell College has a distinct approach to the management of its endowment fund – one that that has been put to the test in recent years but has alleviated large amounts of debt for the College and enabled increased future financial flexibility. Jewell, much…
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Increased endowment spending sparks changes at Jewell
William Jewell College is financially healthy, with an endowment of $62 million, a 4-1 endowment-to-debt ratio, healthy liquidity and clean audit reports. However, for the past 15 years, the College has spent more than it has made by pulling from its endowment. The industry standard for withdrawal from the principal…
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Friends of Jewell
Endowments are money, or other financial assets, that are donated to colleges or universities. These donations are then invested so that the total asset value will yield an inflation-adjusted principal amount, as well as additional income which may be used for further investments and supplementary expenditures. William Jewell College currently…
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