Assertion: large endowment | /r/HasProperty | thought as rainy-day funds
Facets:
value: for educational institutions
type: TRANSITIVE-OBJECT
Source sentences:
text: Large endowments had been thought of as rainy-day funds for educational institutions, but during the 2008 recession, many endowments cut their payouts.
text: Large endowments had been thought of as rainy-day funds for educational institutions, but during the 2008 recession, many endowments cut their payouts.