Comparison of data from two national surveys of colleges and universities reveals that, although private, liberal arts colleges with small endowments are realizing returns comparable to those of larger, wealthier institutions, conservatism, lack of investment expertise, and inadequate long-range investment planning are limiting their earnings…

To flourish, every college endowment needs a comprehensive investment and management plan. The institution must have specific strategies and targets for (1) raising more funds; (2) investing for growth, not just income; (3) determining the spending rate; and (4) transferring part of yearly surplus into endowment. Trustees must take time to…

A study that was the first systematic attempt to develop guidelines for comparing college fund-raising costs was conducted by the Council for Advancement and Support of Education and the National Association of College and University Business Officers. The figures in the study cover the period 1986-88. (MLW)

Colleges can avoid getting stuck with obsolescent and inadequate technology if governing boards can distinguish between the essential and the grandiose. This requires being clear about the purposes of the needed technology, being realistic about the outcomes, building full cost into budgets, involving faculty and staff in its use, and taking the…

This essay explores the implication of venture philanthropy for higher education fund raising. The author provides a detailed description of venture philanthropy, including the social context driving its development. Then, the benefits brought to higher education by this style of philanthropy are explored. Finally, a single example of venture…

This book sets out the British policy context and theoretical framework for income generation by institutions of higher education and provides practical guidance in this area. Income generation is defined as all income generated over and above the core funding provided by an institution's primary funding body. Chapter 1 offers an overview of…

This booklet offers guidelines for college and university trustees for managing the institution's endowment funds as they seek to balance efforts to grow the endowment for the institution's future with the need to use these funds to supplement current budget needs. Critical policy issues are identified, such as: the endowment's purpose, maximizing…

A comparison is made of some of the notable features of the Japanese and U.S. labor markets. In Japan, as compared to the United States, for example, levels of employment tenure are higher, employer-employee attachment stronger, earnings-tenure profiles more steeply sloped, layoffs and dismissals much less frequent, and joint consultation and…

This instructional unit was developed for use with a live interactive program that was delivered via satellite in October 1993, but it can also be used separately or incorporated into other teaching materials. The unit provides basic information on savings, investing, and buying a car. The following topics are covered in the guide's five sections:…

Financial planning strategies for families who expect to pay most of their children's college costs are offered. Information on changes mandated by the 1986 Tax Reform Act is provided. Topics include: closing the gap between higher education and family savings; assessing the financial risks and rewards of investments; gifts; understanding the…

This series of course outlines was developed by the Texas Real Estate Research Center to help instructors in developing courses in compliance with the Texas Real Estate License Act Section 7(a). The outlines are general in nature and designed to serve as the basis for the development of a comprehensive course outline based on the texts and…

This document is the full text of the Economic Opportunity Amendments of 1967 to Public Law 90-222. These amendments authorize funds for continuation of programs begun under the Economic Opportunity Act of 1964 which established the Job Corps and the work and training program for youth and adults, the special impact programs, and the urban and…

Using a Virginia study as a model, this study assessed the effect on Washington state's economy of its 27 campus community college system. The study was based on a simple circular cash-flow model for the years 1969-1976 and measured economic impact in three areas: on the level of business volume done in-state, on employment, and on total state…

The quality of public discourse and the ethical implications of divestment for universities as well as for corporations are discussed. Harvard's divestment of Exxon's stock is discussed and the question of whether Harvard should continue to accept Exxon's philanthropic grants is debated. (MLW)

The acrimonious disagreement over investment in South Africa is one sign of the collapse of the consensus on the role of a trustee. Some critics hold that trustees are not definers of the institution's good but merely the instruments by which the public's view of that good is carried out. (MLW)