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Institutional endowments for the 2011 fiscal year showed returns similar to pre-recession levels, but many still worth less than in 2007.
University of Virginia's $3 billion fund-raising campaign falls short at deadline, a victim of the economy and overly optimistic ambition.
Cornell is expected to be named today as winner of New York City competition. On Friday, the university announced $350 million gift for effort just after Stanford withdrew.
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