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Webster seeks to unrestrict millions in endowment funds

Beset by financial challenges, the university is seeking to reclassify $34 million in endowment funds to meet liquidity obligations for a $30 million loan. Reeling from financial challenges and leadership turnover, Webster University is seeking to lift restrictions on $34.4 million in endowment funds to fulfill the conditions of a loan agreement. But it will first need a court’s permission. ....

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