Solid returns in 1992-93

The average profit from the investments made by universities and colleges in 1992-93 was 13.1% according to a report based on a survey of 364 institutions and conducted by the National Association of College and University Business Officers. The institutions that earned a profit had diversified their transactions by investing in small and medium sized US companies and foreign stocks and bonds. Colleges which had most of their endowments in cash had low profit margins. Colleges can increase their profits with better financial management.