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UO Foundation loses $84 million

1/29/2010: From the Chronicle:

From June 30 2008 – June 30 2009:  $470,515,000 to $386,509,000  -17.9%
From June 30 2007 – June 30 2008:  $455,583,000 to $470,515,000     3.3%
From June 30 2006 – June 30 2007:  $365,859,000 to $455,583,000   24.5%

These lump together investment gains/losses and spending/new gifts. Really bad news but hardly unique to UO. Still, you’d think Lariviere might take it as a chance to cut back on the administrative bloat. But apparently you’d be thinking wrong.

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