A series of articles provides coverage of experts discussing current endowment issues and implications for the future. The articles are: "The Spending Crisis: Spending Rules in Light of the Prolonged Bear Market,""A Principle Pair: Investment Insights from Yale's David Swensen,""Size Matters: Perspectives on the 2002…

Provides an overview of results of the 2002 National Association of College and University Business Officers (NACUBO) Endowment Study, which provides data on public and independent colleges' endowment performance. For an unprecedented second consecutive year, endowments lost value (6 percent). Includes a table of institutions' endowment…

Discusses insights from the Institutional Operating Measures Forum, sponsored by the National Association of College and University Business Officers (NACUBO) and the National Postsecondary Education Cooperative. Discussions continued the debate about the value--and the feasibility--of a standard operating measure for colleges and universities.…

Based on an annual endowment study, experts at the National Association of College and University Business Officers (NACUBO) Endowment Forum examine today's uncertain financial picture and discuss the pros and cons of hedge funds, private equity, and fund of funds. (EV)

Elements of an effective management program for colleges and universities are examined. Five basic purposes of an effective program of cash management are identified: developing accurate cash projections, managing cash receipts, controlling cash disbursements, establishing sound banking relationships, and investing funds. It is suggested that all…

Offers advice to higher education institutions about financing decisions on their debt portfolios. Addresses developing a debt management framework, factors affecting strategy, interest rate management, establishing a debt management benchmark, and adopting a prospective approach. Sidebars discuss the trade-offs of credit offerings, and…

Presents highlights from the annual endowment study by the National Association of College and University Business Officials (NACUBO), which found that nearly three-quarters of all endowments experienced negative returns in fiscal year 2001. Includes a table ranking surveyed institutions by the market value of their endowment assets. (EV)

Shared savings arrangements for campus energy efficient investments are discussed. Shared savings is a term for an agreement in which a private company offers to implement an energy efficiency program, including capital improvements, in exchange for a portion of the energy cost savings. Attention is directed to: types of shared savings…

Alternative financing methods (other than state financing) for developing cost-effective energy efficiency projects are discussed. It is suggested that by properly financing energy efficiency investments, state campuses can generate immediate positive cash savings. The following eight initiatives for maximizing energy savings potential are…