Gerald Munt - University of Winnipeg
Gerald Munt - University of Winnipeg
Gerald Munt - University of Winnipeg
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Endowments<br />
Currently $10 billion for Canada as a whole<br />
Highly concentrated<br />
U <strong>of</strong> T = 25%<br />
Top four (UBC, McGill, U <strong>of</strong> A) equals 50%<br />
Most revenues are restricted<br />
Required to withdraw 3.5% <strong>of</strong> average assets<br />
which is actually more when applied to<br />
current principal.<br />
Source: On the Brink
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