All entries tagged: David Swensen
Endowing every U.S. newspaper: $114 billion. Innovation: Priceless.
Anybody got $114 billion?
That’s what it might cost to create an endowment large enough to sustain every American newspaper in perpetuity as non-profit organizations. But don’t take that figure too seriously, please. It’s just a thought experiment prompted by this week’s chatter about non-profit journalism. I’ll explain.
David Swensen, the acclaimed chief investment officer at Yale, [...]
