Published Sep 11, 2009
The university endowment fund took a $200 million hit last year, but its current condition is stable, and even showing signs of improvement, Chancellor Victor Boschini said.
After withstanding the turbulent financial atmosphere of recent months, the funds appear to be in good hands after years of conservative and prudent spending tactics, Boschini wrote in an e-mail Wednesday.
"This enduring policy of fiscal conservatism has helped make TCU as strong as it is today despite the ups and downs of our general economy," Boschini wrote.