Proper planning of school facilities is critical for all school districts no matter how large or small, whether major construction is in the works or the district is managing enrollment declines. When school districts properly plan for their school facilities they have better schools, more public use and higher value for public spending. This…

In the late summer of 2008, after the 2007-2008 fiscal year's books had closed, the nation's wealthiest universities were confronted with an unfamiliar sight: single-digit endowment returns. Not since 2003 had Harvard University (Cambridge, Massachusetts), Princeton University (Princeton, New Jersey), or Stanford University (Stanford, California)…

Colleges and universities with mounting deficits may be tempted to sell surplus land for profit, but this is never a smart long-term choice. Through joint ventures and innovative financing, institutions can transform such holdings into development projects. In the current economy, there may be increased interest in such sites. (MSE)

Identified are four requirements of successful management of college real estate, such as commitment to total resource management and an entrepreneurial spirit, and three problems--taxes, communication, and administrative conflict. (DB)

For colleges and universities, development of underused assets can be compatible with or supportive of the institution's purpose and also be financially rewarding. Providing alumni retirement housing can enhance institutional ties with alumni, in turn boosting recruitment and fund raising. Successful development requires a unique blend of…

The second part of a two-part article addresses four key issues for higher education administrators to consider as they investigate real estate opportunities. They are (1) market feasibility; (2) development strategy; (3) financing; and (4) governance. Guidelines for innovative real estate projects even during the potentially difficult early 1990s…

College development officers are encouraged to assess a prospective donor's contacts, interest, and ability to give to the institution, and are offered a number of formulas for determining the solicitation amount. They include formulas based on prior giving, net worth (income, stock holdings, real estate), and assets (income, liquid assets, real…

Under existing laws, the federal and some state and local agencies can hold current real estate owners liable for cleaning up property contaminated with hazardous wastes. This applies whether the property is purchased or comes as a gift. Schools should develop hazardous-gift policies and investigation procedures. (MSE)

A college or university thinking of leasing out facilities for an auxiliary activity on campus should consider including a percentage rent provision in the contract, to benefit from increased sales. Issues to consider include definitions and reporting of gross sales, audits of reported sales, and auditing procedures and reporting. (MSE)

Attributes of real estate that make it a desirable investment for institutional endowment funds include the uniqueness of each property, its function as a hedge against inflation, its function in stabilizing portfolio volatility, and the potential for income and diversification. (MSE)

Santa Clara University (California), located where housing costs are high, has developed a faculty housing assistance program to retain faculty. It consists of a shared appreciation mortgage loan, a low interest down payment loan program, and a rental stipend program to give tenure-track faculty an opportunity to save for home purchase. (MSE)

Leasing closed schools provides a viable alternative to their disposal. Suggestions from a school business administrator are intended to sensitize other administrators to some common areas of difficulty in the real estate world. (MLF)

A campus's physical presence typically serves as the "front door" for key audiences and important constituencies, creating an initial and often enduring image within the community from which it hopes to attract students, faculty, and staff. Effective real-estate management presents opportunities to design a more inviting welcome sign.…

Generally, the need analysis system accurately reflects a family's ability to contribute toward funding a college or university education. However, in recent years the system has shown inequities to families in certain regions where home values have increased disproportionately fast. It is concluded that equal assets on paper do not accurately…

The central issue in determining taxability of colleges' unrelated business income is the tax's purpose: to eliminate unfair advantage of exempt organizations over tax-paying businesses. If the business is not competing with outside vendors and can be related to the organization's exempt purposes, income is not taxable. (MSE)