Some Nonprofits Can't Touch Their Money
Still, some nonprofits aren't willing to dip into their endowments even when the law allows.
The American Conservatory Theater in San Francisco has watched its endowment, with a historic dollar value of about $22 million, drop to $18 million. It decided to focus on raising money to rebuild the endowment, rather than draw it down to pay salaries.
- Companies:
- American Conservatory Theater
- Bolshoi Ballet
- Brandeis University
- Council on Foundations
- National Center on Philanthropy and the Law
- National Conference of Commissioners of Uniform State Laws
- National Council of Nonprofits
- New York University
- North Carolina Symphony
- Rose Art Museum
- The Associated Press
- University of North Carolina
- University of Wisconsin
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