Reconcile Willingness and Ability for Institutional foundation, question, general, ability, average

Iginla2010

On the 2002 endowment IPS question it says the foundation has:

average ability

above average willingness

"taking both ability and willingness into consideration, the endowment's risk tolerance is best characterized as above average"

I thought for institutions you would look primarily at ability. In general, don't you usually honor the more conservative of the 2?

bpdulog

endowment is long term shuns, low liquidity needs bros

ll11

Hmmm.. I would agree with you.

Maybe because its an endowment (not a pension plan) and assumably it doesnt have any legally mandated liquidity needs and/or spending levels, you can use an average of willingness and ability????