The agenda for national development requires a persistent improvement in education as a tool for creating knowledgeable human capital, highly skilled labour, a high technology society and ultimately a highly civilized nation for the future challenging world. It requires considerable financial and technical investment as well as effective and…

Findings of the 1985 National Association of College and University Business Officers' Comparative Performance Study and Endowment Questionnaire, with 277 participating institutions, are charted and discussed. (MSE)

Data from 506 private and public colleges and universities concerning endowment performance in fiscal 1998 are presented. Each responding institution is ranked, with the market value of its endowments given for June 30, 1997, and June 30, 1998, and the percentage change noted. (MSE)

Two accounting strategies for classifying college or university endowment losses are compared: reduction of permanently restricted net assets and reduction of unrestricted net assets. The approaches differ in their effects on classification of net assets only when capital losses on endowment investments bring the fund below the level required in…

We consider an economy that has to decide how assets are to be used. Agents have ideas, but these ideas conflict. We suppose that decision-making authority is determined by hierarchy: each asset has a chain of command, and the most senior person with an idea exercises authority. We analyze the optimal hierarchical structure given that some agents…

The benefits of the new Teachers Insurance and Annuity Association graded-benefit method and traditional level-benefit program are compared. Several possible typical situations are analyzed for both plans, showing net yearly incomes projected through retirement and considering tax rates. (MSE)

A national ranking of 508 colleges and universities, based on the size of their endowment funds and life-income-fund assets, is presented. Over 80% of endowment wealth is held by 124 institutions; 31 institutions have over $1 billion in endowment assets. Returns averaged 18% in the last fiscal year; there was little change in investment patterns.…

Retirement programs for college faculty are evaluated in terms of both their wealth-creation attributes and the incentives they provide for retirement. Wealth accumulation and relative cash flow from working compared to retirement are evaluated at various ages under alternative assumptions about rates of return and contribution rates. The nature…

A national survey of colleges and universities found that investment returns on endowment funds continued to be healthy and were slightly higher than the previous year. Market value of endowment assets and life income fund assets for 435 institutions in 1993 are detailed in tables, with some narrative analysis. (MSE)

Bull markets and increased giving boosted the total value of major college endowments more than $8-billion in fiscal 1993. In addition, despite financial pressures, colleges are enforcing budgetary discipline and restraining spending from their endowment income. A table details the market value of 437 major institutional endowments for June 30,…

A national survey shows that, although colleges and universities averaged a return of 2.9% on endowment investments in fiscal 1994, some earned substantially more and some suffered considerable losses. Data on the market value of 446 endowments on June 30, 1993, and June 30, 1994, are presented and ranked. (MSE)

Describes how, for the first time since 1984, the value of college endowments dropped last year. Includes data charts and a listing of endowment fund amounts and the annual change for over 600 universities. (EV)

Data from 313 colleges and universities indicate major endowments earned a return much higher than last year's and greatly exceeding the 3 percent inflation rate. Average return was still below that of major stock and bond indexes. A few institutions earned over 20 percent. Not all aspects of investment performance are reflected in these figures.…

Excerpts from a recent report on the financial management of intercollegiate athletics programs reveal that the programs generally require more money than they generate, contrary to popular perception. However, the programs are also often overstaffed and have room for cost reduction in other areas, particularly financial aid, travel, and…

Results of a national survey of college and university fiscal 1995 endowment investments found the average nominal performance (15.5%) far surpassing the previous year's return (2.9%) and higher even than double-digit returns in fiscal 1993 and 1994. Overall investment pool allocations are charted, and 460 institutions are ranked by endowment…