Shocking Endowments

Like Captain Renault’s encounter with gambling at Rick’s American Café, “I’m shocked, shocked to find that gambling is going on in here,” a flabbergasted U.S. Congress has revealed to the American public that nonprofit universities and hospitals sit on tax exempt endowments amounting to billions of dollars. Not a heck of a lot actually gets

Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
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