After $20 million loss in Madoff scandal, Tufts maintains it met investing standards
Published: Sunday, December 21, 2008
Updated: Monday, December 22, 2008 23:12
Should Tufts' losses in the Madoff scandal affect donations to the university?
"Once a gift is made to the university, it's treated as a pooled resource. In other words, the endowment as a whole is invested – not any one gift or fund," she said. "Though there may have been Beyond Boundaries dollars within [the lost funds], it would have been a small portion of what's been raised to date."