In Rhode Island, home to Brown University, two proposed bills could make private, nonprofit higher education institutions pay state taxes on their endowments and properties. A bigger reckoning of wealthy universities could be underway.
The foundation hired an investment director to focus on private market investments following a search launched earlier this year due to the promotion of the previous director to managing director in 2021.
The institution added a short-duration fixed-credit strategy and structured credit vehicle to its endowment last week as it looks to focus on risk mitigation given volatility in the equity and fixed-income markets.