Assertion: endowment | /r/HasProperty | affected by the great recession
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text: The donations came from James H. Clark, a member of the university's board of trustees and founder of Netscape, and David Filo, a graduate of its School of Engineering and co-founder of Yahoo!. A fund-raising campaign called "Promise & Distinction" raised $730.6 million by October 3, 2008, increasing the university's total endowment to more than $1.1 billion; by March 2009, Yvette Jones, Tulane's Chief Operating Officer, told Tulane's Staff Advisory Council that the endowment "has lost close to 37%", affected by the Great Recession.