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St. Olaf endowment holds its own amid economic decline

By Amy Gage
February 28, 2003

Mark Gelle
Gelle
Because financial experts at St. Olaf College decided more than three years ago to phase out its endowment funds in venture capital, the college's endowment was hit less severely than those at many other colleges and universities. "We were lucky," says assistant treasurer Mark Gelle.

Contact David Gonnerman at 507-786-3315 or gonnermd@stolaf.edu.