Investment committees have important governance responsibilities in assuring the successful management of college and university endowments and other institutional pools of capital. The success (or failure) of the investment committee has a large, direct impact on the resources available to the institution to attract and retain quality faculty,…

Among other responsibilities, many college student governments (SGs) are responsible for overseeing student fees as part of their operation (Miles et al., 2008). In 2018 around 32% of SG presidents reported being very or extremely influential on decisions involving student life and student fees (Templeton et al., 2018). At some institutions, SGs…

Integrity is one of the moral principles related to moral uprightness. Recently, there are a lot of issues discussed regarding the integrity in public sector administration especially in public sector. Currently governance in public administration has been exposed to public criticism due to the governance failure, fraud, corruption and poor…

The final report provides the most comprehensive analysis of endowment investment returns, asset allocations, and governance policies and practices at 809 U.S. higher education institutions and affiliated foundations. The report provides extensive data to help institutions evaluate their investment returns and compare results by endowment size and…

The federal government spends an estimated $273 million annually on financial literacy1 and education programs and activities across 23 federal agencies and entities. These programs are designed to educate Americans about a wide array of financial literacy and education topics. However, in 2012, the Government Accountability Office (GAO) issued a…

This document provides a brief description of the context for, and use of, the European Training Foundation (ETF) Financing Prism, and includes a call for evidence regarding the development and implementation of vocational education and training (VET) financing policies, as well as the use of the prism itself. The components of the prism are…

The final 2016 report provides the most comprehensive analysis of endowment investment returns, asset allocations, and governance policies and practices at 805 U.S. higher education institutions and affiliated foundations. The report provides extensive data to help institutions evaluate their investment returns and compare results by endowment…

This report on the funding of school education constitutes the first in a series of thematic comparative reports bringing together findings from the OECD School Resources Review. School systems have limited financial resources with which to pursue their objectives and the design of school funding policies plays a key role in ensuring that…

A new study of endowments by the National Association of College and University Business Officers (NACUBO) and the Commonfund Institute has brought good news to college and universities: While endowment returns dropped precipitously in fiscal year 2009 as a result of the financial crisis and accompanying slide in equity markets, they climbed to an…

When Commonfund and the National Association of College and University Business Officers (NACUBO) announced in late 2008 that they would join forces to combine their two endowment studies, which had historically been fielded and reported separately, they had high hopes for the venture, but those hopes were tempered with caution. The financial…

Governing public schools is one of the most important responsibilities a citizen can undertake. School board members work on behalf of all the families in their community, with fellow board members and with other community partners, to ensure that each student has equal and ample opportunities to reach his or her greatest potential. This guide…

This white paper presents a case history of the Spelman College endowment and how good financial management and alternative strategies for the growth of the endowment has made Spelman's one of the largest among U.S. Historically Black Colleges and Universities (HBCUs). How has Spelman College been able to grow its endowment funds to this level? A…

This article investigates budget monitoring and control in township schools in South Africa. The enactment of the Schools Act 1996 revolutionized school financial management in South Africa, making it part of the drive for democratic school governance. School governing bodies had to be established, whose responsibility it became to manage finances…

A feature of globalisation is encouragement of universities to become more businesslike, including adoption of the type of accounting routines and regulations used by businesses. The question debated in higher education policy research is whether this focus on being businesslike is compatible with the statutory public benefit obligations of…

When people talk about school district efficiency, their first thoughts are about financial management. Are districts balancing their budgets, paying bills on time, and maximizing their revenues? This report takes a closer look at financial management in California school districts. The report is a summary of the 2006 research study, "School…