Lower Endowments Stem From Uncertain Economy
By KATIE WARD | Jan. 28, 2004UB"s endowment funds didn"t quite measure up to those of other institutions across the country for the 2002-03 school year, according to The Chronicle of Higher Education.While endowments at surveyed American institutions rose an average of 3 percent by June 2003, UB took a $10 million hit, dropping 2.5 percent to $378.4 million.












