Recession reduces private college endowments

Wilkes-Barre, Pa., Times Leader

July 1, 2009

The economic downturn wreaked havoc on the portfolios of King's College and Wilkes University in Wilkes-Barre and Misericordia University in Dallas Township. From July 1, 2008, through May 31, 2009, the schools reported the worst depreciation of endowment accounts in at least a decade.  (Regional emphasis)

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