Endowments: Closed books?
USA Today, 5/29/06
Supporters of major colleges and universities are commonly barred from knowing how their donations are invested, according to a survey released Tuesday. Only senior administrators and trustees know where endowment dollars go at 66% of the 216 schools that responded to a survey by the Sustainable Endowments Institute, a research and consulting project of Rockefeller Philanthropy Advisors, a consulting firm for benefactors.