That percentage drop and more was echoed at campuses nationwide.
Donors can direct their gifts to specific endowment pools.
The UCB Foundation endowment pool dropped about 8.8 percent in the third quarter, less than many university endowments. We think long term and make changes slowly. Now the market is on an upward trend. Total return on the Foundation's endowment pool for fiscal year 1997-98 was 12.1 percent, says Gendron. UCB Foundation assets are allocated by a volunteer investment committee of about 20 alumni who work in the investment banking industry.