[BostonCard]

Thanks, OC; that was precisely my question.

Of course, past results are no guarantee of future performance, and there is a question as to whether large endowments will be able to keep up their results going forward.  Nonetheless, you raise a really good point; differences in return could wind up being much more important than the tax implications.

BC

[BostonCard]

Thanks, OC; that was precisely my question.

Of course, past results are no guarantee of future performance, and there is a question as to whether large endowments will be able to keep up their results going forward.  Nonetheless, you raise a really good point; differences in return could wind up being much more important than the tax implications.

BC