On Fri, Dec 4, 2009 at 3:51 PM, WALLIS Dwight D <
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> . Surely an educational foundation with $400K in assets can
> support what appears to be an effort that students and academics would
> eagerly support, participate in, and build at minimal cost.
>

$400K in assets is not that much. I would imagine that the Foundation is
funding research projects from interested earned and not from capital. If
invested in equity and fixed income the fund should return about 4-5% annual
return or about $16K to $20k per year for administration and funding of
projects. Talking to my brother who is a financial planner he says that
endowments typically invest 55% in equities and 45% fixed income.

so if the annual return is $16K to $20K and you want a journal supported I
guess that would mean reduced research projects

-- 
Peter Kurilecz CRM CA
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Richmond, Va
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