{"version":"1.0","provider_name":"Cambridge Associates","provider_url":"https:\/\/www.cambridgeassociates.com\/en-eu\/","title":"Keeping Underwater Endowments Afloat (and the Programs They Support) - Cambridge Associates","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"8u5oOibWe4\"><a href=\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/keeping-underwater-endowments-afloat-and-the-programs-they-support\/\">Keeping Underwater Endowments Afloat (and the Programs They Support)<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.cambridgeassociates.com\/en-eu\/insight\/keeping-underwater-endowments-afloat-and-the-programs-they-support\/embed\/#?secret=8u5oOibWe4\" width=\"600\" height=\"338\" title=\"&#8220;Keeping Underwater Endowments Afloat (and the Programs They Support)&#8221; &#8212; Cambridge Associates\" data-secret=\"8u5oOibWe4\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/* ]]> *\/\n<\/script>\n","thumbnail_url":"https:\/\/www.cambridgeassociates.com\/wp-content\/uploads\/2023\/11\/AdobeStock_476686305-scaled-e1699043255796.jpeg","thumbnail_width":2560,"thumbnail_height":1705,"description":"When endowment funds slip \u201cunderwater\u201d (below the historic dollar value of the original gift), institutions face a tradeoff between distributing anticipated budget support and restoring the endowment to its original value. Ultimately, the choice of underwater policy depends on the situation and needs of each institution in balancing endowment preservation with program support."}