Maeesha Merchant serves as Senior Vice President and CFO at California Institute of the Arts and Tom Heck serves as Chief Investment Officer and CFO at the Ball State University Foundation. This week, they join NACUBO Vice President Liz Clark to discuss the role of 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 this week to hear how these experts are seeking creative solutions to the current financial crisis in a down market economy to help their institutions survive.
