Endowments: How are colleges responding to current needs without shortchanging the future?

Maeesha Merchant, senior vice president and CFO at California Institute of the Arts and Tom Heck, chief investment officer and CFO at the Ball State University Foundation, join NACUBO Vice President Liz Clark to discuss the role of college and university endowments in the current crisis.  "Endowments are not rainy-day funds," says Merchant, "institutions have contractual obligations to our donors" that limit how funds can be used. Listen in to hear how these experts are seeking creative solutions to help their institutions persevere through unprecedented public health and financial crises.