The New York Times Spotlights Bowdoin Endowment
Story posted November 05, 2007
Bowdoin's endowment and its impressive performance were highlighted in the Sunday, Nov. 4, 2007, edition of The New York Times. The article, "How Smaller College Endowments Still Reap Big Returns," examines how Bowdoin and two other institutions with less than $1 billion use various approaches to achieve handsome investment returns.
The article points out that Bowdoin's endowment of $827 million returned 24.4 percent in fiscal-year 2007, outperforming Harvard's $34.9 billion endowment which returned 23 percent. Read the New York Times article here.
Paula Volent, senior vice president for investments, is quoted and a photograph of her in front of the Museum of Art's new entry pavilion accompanies the article. The print and online news service Alternative Investment News named Bowdoin 2006 Non-Profit Investor of the Year and called Volent "one of the savviest investors in the non-profit world," more impressive, it reported, for the fact "that Bowdoin excels without the resources of a Harvard or Yale."
Click here to read more about the endowment's investment return for fiscal-year 2007.
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