During my MBA program, I also participated in the highly competitive Aristotle Fund Management Program - a completely student-run mid-cap endowment portfolio.

That's one of the main reasons the Yale endowment and others invest in real estate to start with: lack of correlation with stocks and bonds.

They’re following the example of Yale University, which has grown its endowment from $4 billion to $25.6 billion in 20 years.

The IRS has decided that if too much cash is paid into a policy at once, a Modified Endowment Contract (MEC) is created which eliminates tax advantages of the cash value life insurance policy.In addition to proper policy design, choosing the right life insurance company for this “bank on yourself” system is an essential decision.

Rather than forgiving everyones debt what the government should do is 1)  Allow student debt to be discharged in BK so those in trouble can truly get out from under this burden.  2)  Charge the colleges that sold worthless degrees the people that had debt discharged.  3)  Get out of the loan business going forward, NOBODy should be an indentured servant to their government.  4)  All future student loans should come from the colleges granting the degrees, they can use their endowments as collateral to get the cash to loan.  5)  Government should bundle student debt into tranches, performing, non performing, partially performing, and sell it off to wall street investors (after step 1: making it dischargeable in BK).  

If you put in more than this, the contract becomes a "Modified Endowment Contract." 

That is also why I, a Real Estate Broker, endowed with the legal authority to review and draft real estate transactions contract terms and what-not's, I have insurance coverage protecting self and client's against any such accident's or issues that would contain any such liability. 

Same with pensions and endowments, at least in real estate.  

You have to be careful when setting this up to not over fund the paid up additions rider, otherwise the policy would be considered a MEC or Modified Endowment Contract, which is now a fully taxable policy.

For instances the largest owners or funders of Timber Deeds and or Timber land in the pac nor west is John Hancock and the Harvard endowment fund..