Correction: Investment Advice From President of Tufts

Thursday’s Philanthropy Today misstated the views of Lawrence Bacow, president of Tufts University. He said colleges should look to reduce the level of risk in their investments by putting less money into hedge funds and private equity. Also, the item included an incorrect figure for the decline in value for the Tufts endowment. The fund dropped by 25 percent for the year that ended June 30.