The Effects of Spending Rules and Asset Allocation on Nonprofit Endowments

is a research affiliate at the MIT Laboratory for Financial Engineering in Cambridge, MA

is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management, director of the MIT Laboratory for Financial Engineering, a principal investigator at the MIT Computer Science and Artificial Intelligence Laboratory, and an affiliated faculty member at the MIT Department of Electrical Engineering and Computer Science in Cambridge, MA, and an external faculty member at the Santa Fe Institute in Santa Fe, NM

is a senior lecturer and research scientist in finance at the MIT Sloan School of Management and a research affiliate at the MIT Laboratory for Financial Engineering in Cambridge, MA

is a research assistant at the MIT Laboratory for Financial Engineering in Cambridge, MA