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Business, 10.12.2020 21:20 slonekaitlyn01

A not-for-profit institution that relies on its endowment portfolio for a significant portion of its operating needs O should customarily dip into the endowment principal to fund its growth and expansion needs.
O can access debt markets in times of economic recession.
O can always rely upon getting higher contributions and donations from its patrons to meet its budgetary shortfalls.
O has to carefully budget its cash flow in order to balance current expenditures with future spending needs.

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