SmartBe Investments

Endowments have distinctive characteristics: they are truly long-term investors and they don’t have to pay taxes. One of the first-ever articles on endowment investing goes back to the mid-’50s with Carpenter (1956) and in 1974, Tobin defined endowments as “investment funds that aim to meet the needs of their beneficiaries over multiple generations and to adhere to the principle of intergenerational equity.”


Despite their popularity and the ease of access to university-based endowments, there is little in the academic literature about the history of endowment investing, and how endowments invest. In this article, the authors aim at filling this gap.In this article, the authors provides Interesting Insights into how Endowments Invest.


Click the link for the full article, written by Elisabetta Basilico, PhD, CPA for Alpha Architect: https://bit.ly/3JIKNhU