Jobs Homes Autos For Sale  How economy is hitting endowments By
William Carroll | Columnist print story email story Published:
4/6/2009 12:07 AM  Send To:      On the road to our current
recession, we have heard many stories on the economy's impact on
just about everyone. Large businesses are laying off people,
small businesses are closing their doors, homeowners are losing
their homes and retirees are losing their retirement.  In short,
the recession seems to be hitting every aspect of our lives.
America's universities and colleges are no exception. State
funding for our nation's public education system is flat at
best. Public and private institutions are raising tuition to
meet shortfalls in income. Fundraising has fallen on hard times
because many of the individuals so fervent in their donating are
themselves finding it difficult to make ends meet.  One aspect
of the recession that has gotten some play in the media is the
loss of endowments at not-for-profit institutions.  For example,
when you take your