endowment

Harvard’s endowment says it never comments on its investments.

Iowa athletic director Beth Goetz and Oregon’s Rob Mullens each said they plan to use a portion of the cash infusion to set up an endowment.

In late September, the firm invited executives from about 40 pensions, endowments and other institutions that invest in its funds to see the data center that will eventually rise from the Texas prairie.

With a modest current endowment of around $20 million, the Palm Springs Art Museum has long faced daunting financial hurdles.

Beware the “endowment effect,” said Joshua Becker, founder of the website Becoming Minimalist.