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Episode 9: Explaining College and University Endowments

Explaining College and University Endowments with Ken Redd of NACUBO

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KenRedd

For more than 40 years, NACUBO has conducted a study on institutional endowments designed to answer key questions in how these financial tools are used. Over the years, this has become the largest study of its kind, offering a comprehensive set of data for policy makers, parents, students, and the broader community in how their institutions are using endowed funds.

This week, NACUBO’s Director of Research and Policy Analysis, Ken Redd, joins us to report findings in the most recent report. While the overall financial picture for endowment managers is about as rosy as the financial picture for our global economy — not that great — there is some good news in the numbers for parents and students in the way institutions are spending from their endowed funds in spite of the glum reports from the global markets.

On My Desk Right Now:
Smorgasboard of charts, tables, printouts, books, etc.
What I do when I'm not at work:
Visit family in Boston or travel to the beach. I also enjoy dramatic plays and comedies.
My Media Mix:
WashPost, NY Times, House of Cards, Orange is the New Black, the New Yorker, and blogs by Dan Savage and Carolyn Hax.
Musical Choices:
I listen to a lot of music--mostly jazz and R&B and pop from the 1970s and 1980s
Favorite Quote:
When Supreme Court Justice Thurgood Marshall retired from the Court, a reporter asked him how he wanted to be remembered. He said, "I did the best I could with what I had." I have always loved that sentiment for its modesty and simplicity.

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