I know my sister, who went to Tufts, told me that some $20 million of its endowment was lost thanks to Madoff, too.
I don't know how much Brandeis has lost. I would very much like to. The Rose Art Museum took the front-page headline in today's Globe, and from it I learn only some of the numbers:
In an interview last night, he [Michael Rush, the Rose Art Museum director] estimated the collection's value could top $350 million . . . A university spokesman said that Brandeis's endowment, which topped $700 million at one point, is down dramatically, though he declined to say by how much. Closing the Rose is likely to be one among several cost-cutting moves meant to bridge a budget deficit that could be as high as $10 million.
$10 million deficit, so you sell $350 million worth of art? How much have they really lost? What is going on here?
no subject
I don't know how much Brandeis has lost. I would very much like to. The Rose Art Museum took the front-page headline in today's Globe, and from it I learn only some of the numbers:
In an interview last night, he [Michael Rush, the Rose Art Museum director] estimated the collection's value could top $350 million . . . A university spokesman said that Brandeis's endowment, which topped $700 million at one point, is down dramatically, though he declined to say by how much. Closing the Rose is likely to be one among several cost-cutting moves meant to bridge a budget deficit that could be as high as $10 million.
$10 million deficit, so you sell $350 million worth of art? How much have they really lost? What is going on here?