# Professor David Yermack's joint research on the investment returns and distribution rates for U.S. non-profit endowment funds is highlighted

1 Faculty News March 14, 2020 ![PBS NewsHour logo](/sites/default/files/styles/246w/public/assets/images/con_030937.jpg?itok=l4_epy89)>

Excerpt from [PBS](https://www.pbs.org/newshour/education/already-stretched-universities-now-face-huge-endowment-losses-from-market-meltdown) -- "Even before the market volatility, university and college endowments were realizing lower returns than endowments that support nonprofit organizations in the arts, human services, health care and religion, according to a study by business professors Sandeep Dahiya and [David Yermack](https://www.stern.nyu.edu/faculty/bio/david-yermack) of Georgetown and New York universities, respectively."

[Read More](https://www.pbs.org/newshour/education/already-stretched-universities-now-face-huge-endowment-losses-from-market-meltdown)