Historically Black Colleges and Universities (HBCUs) play a prominent role in the nation's higher education system. For example, about one-third of African Americans receiving a doctorate in science, technology, engineering, or mathematics received undergraduate degrees from HBCUs. To help HBCUs facing challenges accessing funding for capital…

There have been numerous reports of institutions of higher education (IHEs) experiencing financial hardships as a result of the Coronavirus Disease 2019 (COVID-19) pandemic. This report discusses and contextualizes issues related to IHEs' stability and fiscal health during the pandemic. To provide background on the types of issues IHEs are facing,…

This report provides a brief overview of the major provisions of the Higher Education Act (HEA), organized by title and part. Appendix A of this report provides detailed appropriations figures for HEA programs, from FY2019 through FY2023. Appendix B gives a brief overview of the General Education Provisions Act, which applies to the majority of…

This report describes the several programs devoted to financially assisting minority-serving institutions (MSIs) under the Higher Education Act (HEA). MSIs are eligible for other federal programs for which institutions of higher education (IHEs) and nonprofit organizations are eligible if they meet the program eligibility criteria. This report…

The Higher Education Act of 1965 (HEA; P.L. 89-329), as amended, authorizes a broad array of federal student aid programs that assist students and their families with financing the cost of a postsecondary education, as well as programs that provide federal support to postsecondary institutions of higher education (IHEs). Programs authorized by the…

An often-volatile economy, changing demographics, and technological innovations in educational delivery are among the dramatic changes across higher education that have forced boards and institutions to question the viability of the existing business model. Flat or declining state support in real terms, lower investment returns in some years,…

Analyzes ways in which asset allocation, investment guidelines and objectives, and investment performance may create indirect income redistribution among institutional constituents, including redistribution from future to present constituents. Comments on the implications of inflation and deflation for these aspects of endowment fund management.…

College investment policy concerning the mix of stocks and bonds in the endowment portfolio has been made far too complicated. Except for unusual circumstances, the equity (common stocks) percentage should be very high. Total investment in equities will generate enormous differences in endowment fund value over a long period of time. (MSE)

Two important responsibilities of a trustee investment committee are the selection of the managers and the asset allocation of the endowment fund. Benefits from outside management include the ability to select firms that specialize in a particular segment of the market and the spreading of assets to reduce risk. (Author/MLW)

The 1990 Endowment Study of America's colleges and universities of which this is the executive summary covered a broad variety of endowment issues of concern to trustees and administrators. The survey was mailed to 450 institutions and 369 institutions (82%) responded. Results of the study showed that 367 institutions had endowment assets totaling…

The 1990 Endowment Study of America's colleges and universities covered a broad variety of endowment issues of concern to trustees and administrators. The survey was mailed to 450 institutions and 369 institutions (82%) responded. Results of the study showed that 367 institutions had endowment assets totaling $60.1 billion. For fiscal year 1990,…

A bill (S. 797) to establish a National Endowment for Children's Educational Television was designed to amend the Communications Act of 1934. This report contains evidence presented in support of the bill. Included are: (1) a statement of background and needs; (2) a description of the state of education in the United States, highlighting the…

This guide for the governing boards of independent institutions discusses conducting a comprehensive fund-raising campaign. A comprehensive fund-raising campaign is broader and more strategic than past capital fund raising campaigns. Its financial goals include all potential gifts from annual fund donors, all gifts for the endowment, all gifts for…

Outlines the benefits and steps of establishing an education foundation to raise supplementary funds for the long-term benefit of a school district. (MLF)

While conventional wisdom says that college and university endowment spending policies must retain the real economic value of their endowments over the long term, senior administrators and trustees should review endowment spending regularly and determine what excess dollars are available for investment in programs, infrastructure, and other high…