Temple University will shift 50 percent of its endowment from cash and bonds to potentially more lucrative equities, Bloomberg news reported Sept. 29.
University trustees voted to invest $70 million in stocks in hopes of attracting more donors.
The university had been investing more than 90 percent of it endowments in cash and bonds, producing returns of 8.7 percent annually.
The national average return among universities is 12.9 percent.
The decision came after some major donors criticized the university for failing to take a more aggressive approach to investing their gifts.
For full story, go to AOL.