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Health-Care Endowments See Earnings Grow by 6.3%
By Harvy Lipman
Endowment investments at nonprofit health-care organizations grew by 6.3 percent in 2005 — slower growth than in past years and a mirror of how the stock market has been faring, according to a new study by the Commonfund Institute.
Last year's returns were down from an average of 8.2 percent in 2004 and 14.1 percent in 2003.
In...