URI, Brown endowments feel market volatility

ANNUAL REPORT: URI Foundation members go over the new 2016 annual report in the Alumni Center. From left, Rita A. Verespy, director of gift planning; Lil Breul O'Rourke, president; Deborah Imondi, Investment Committee chair; and Adam Quinlan, chief financial officer. / PBN PHOTO/ MICHAEL SALERNO
ANNUAL REPORT: URI Foundation members go over the new 2016 annual report in the Alumni Center. From left, Rita A. Verespy, director of gift planning; Lil Breul O'Rourke, president; Deborah Imondi, Investment Committee chair; and Adam Quinlan, chief financial officer. / PBN PHOTO/ MICHAEL SALERNO
Colleges and universities rely on endowments to fund programs such as scholarships and professorships, but many investments felt an uncomfortable squeeze during the Great Recession – and Rhode Island was not exempt. Endowments, according to the American Council on Education, are "an aggregation of assets invested by a college or university to support its educational…

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