About 30 institutions, including Harvard, Yale and Princeton universities, are expected to pay a new endowment tax of 1.4% of net investment returns for the year ended June 30. That could further reduce their ability to support school operations.
The survey is an effort between Santa Monica, California-based Wilshire and custodial organizations and investment consultants that submit asset allocations and performance data. The figures also include data from other non-profits. Wilshire reports quarterly on more than $3.8 trillion in assets and about 1,000 funds, including pension plans.
This story provided by Bloomberg News.