The University of Florida prides itself on disciplined endowment management, but officials there say it’s time to throw out the old playbook and take some greater risks.
Market downturns have taken a toll on Florida’s endowment, but university officials say they can’t afford to slow spending because state budget cuts have already been so crippling to the institution. By retaining current spending levels, the university is bucking a tried and true formula that is designed to preserve the principal of the university’s endowment, even during economic downturns.
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