Recently, I’ve been tasked by the CFO to lead a project on researching endowment sizes!
So, let me explain. For those who don’t know, public aquariums on average have the smallest endowments among cultural institutions (history museums, orchestras, etc.). That’s why they’re so dependent on gate revenue. My job is to examine why that’s the case and see if there’s some correlation to the business model. No right or wrong answers, obviously.
However, I’ve been searching left and right online but I couldn’t find ANY materials that speak to this. I only need some articles / papers that touch on “factors that determine endowment size” or along the lines with that. But I couldn’t find any.
If you have any ideas, or sources, please let me know. That’d be much appreciated! 🙏🏻
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