Managers of university endowment funds are paying closer attention to investing in "green" industries, commonly bundled under the umbrella "cleantech." Cleantech offers the possibility of buying in while prices are low "and" making a "green" investment play, but it also harbors the risks inherent in any emerging industry. Cleantech has varying…

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…

The author characterizes himself as an experienced corporate executive, an experienced corporate board member, an active volunteer, and a pretty active donor to a number of causes that he thinks are important. But he is not a terribly experienced charitable-board member, so he sees things from the perspective of a new philanthropist and found that…

The legal terrain regarding institutions' rights for use of major charitable gifts has clarified somewhat in recent months. While this may encourage institutional fundraisers, it is also clear that extreme care still must be taken about the acceptance and terms set for use of transformational gifts. As recent lawsuits demonstrate, careful planning…

Seeks to clarify the concept of fiduciary responsibility in higher education. Explores who possesses fiduciary responsibility; whether it is the domain of policy makers or extends to faculty, faculty unions, and students leaders; whether it applies to only certain or to all administrators; and what the demarcation line is between duty,…

An individual describes and discusses seven stages of giving through which he and his wife have passed, and two additional stages they are contemplating. They include: minimal response; involvement and interest; as much as possible; maximum allowable; beyond the maximum; percentage of wealth; capping wealth; reducing the cap; and bequests. (MSE)

The processes of rebuilding the entire governing board and restructuring the damaged financial organization of Adelphi University (New York) are described. Legal issues are discussed, the role of the state board of regents in the investigation of the university's operation is examined, and the trustees' fiduciary duty of care is explored. (MSE)