globeandmail.com: They're in the money: "They're in the money
Well, relatively speaking. Canadian universities have tiny endowment funds compared to their American counterparts, but things are looking up.
ANDREW WILLIS
Cash-starved universities got a huge boost in May, when the federal government made it far easier for wealthy Canadians to make donations to charities such as school endowment funds.
With up to $1-billion a year in gifts now expected to start flowing, and a healthy chunk of that change earmarked for universities, the question on campus is what to do with this pending good fortune."
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