College and University Endowment: Status and Management
Author: United States. Office of Education. Division of Educational Organization and Administration
Publisher:
Published: 1966
Total Pages: 92
ISBN-13:
DOWNLOAD EBOOK →Author: United States. Office of Education. Division of Educational Organization and Administration
Publisher:
Published: 1966
Total Pages: 92
ISBN-13:
DOWNLOAD EBOOK →Author: Nikk Wellman Kraus
Publisher:
Published: 2017-01-01
Total Pages:
ISBN-13: 9780926508392
DOWNLOAD EBOOK →Second Edition
Author: Charles Richard Sattgast
Publisher:
Published: 1940
Total Pages: 144
ISBN-13:
DOWNLOAD EBOOK →Author: Jeanette O'Brien
Publisher:
Published: 2016
Total Pages: 72
ISBN-13: 9781634856768
DOWNLOAD EBOOK →Colleges and universities maintain endowments to directly support their activities as institutions of higher education. Endowments are typically investment funds, but may also consist of cash or property. Current tax law benefits endowments and the accumulation of endowment assets. Specifically, endowment fund earnings are exempt from federal income tax. Additionally, taxpayers making contributions to college and university endowment funds may be able to deduct the value of their contribution from income subject to tax. The purpose of this book is to provide background information on college and university endowments, and discuss various options for changing their tax treatment.
Author: Charlie Eaton
Publisher: University of Chicago Press
Published: 2022-02-25
Total Pages: 216
ISBN-13: 022672056X
DOWNLOAD EBOOK →Exposes the intimate relationship between big finance and higher education inequality in America. Elite colleges have long played a crucial role in maintaining social and class status in America while public universities have offered a major stepping-stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower, finance has played a central role in the widening inequality in recent decades, both in American higher education and in American society at large. With federal and state funding falling short, the US higher education system has become increasingly dependent on financial markets and the financiers that mediate them. Beginning in the 1980s, the government, colleges, students, and their families took on multiple new roles as financial investors, borrowers, and brokers. The turn to finance, however, has yielded wildly unequal results. At the top, ties to Wall Street help the most elite private schools achieve the greatest endowment growth through hedge fund investments and the support of wealthy donors. At the bottom, takeovers by private equity transform for-profit colleges into predatory organizations that leave disadvantaged students with massive loan debt and few educational benefits. And in the middle, public universities are squeezed between incentives to increase tuition and pressures to maintain access and affordability. Eaton chronicles these transformations, making clear for the first time just how tight the links are between powerful financiers and America’s unequal system of higher education.
Author: Richard Franz
Publisher: CFA Institute Research Foundation
Published: 2019-07-31
Total Pages: 20
ISBN-13: 1944960805
DOWNLOAD EBOOK →Endowments are a substantial category of institutional investors. Some of these have been on the forefront of moving into new asset classes and new strategies, outperforming many other investors. What are the factors of success and lessons learned?
Author: Jeffrey R. Brown
Publisher: University of Chicago Press
Published: 2015-01-08
Total Pages: 343
ISBN-13: 022620183X
DOWNLOAD EBOOK →The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.
Author: Nicole Kraus
Publisher:
Published: 2022-01-31
Total Pages:
ISBN-13: 9781951635213
DOWNLOAD EBOOK →Author: David F. Swensen
Publisher: Simon and Schuster
Published: 2009-01-06
Total Pages: 433
ISBN-13: 1416554033
DOWNLOAD EBOOK →In the years since the now-classic Pioneering Portfolio Management was first published, the global investment landscape has changed dramatically -- but the results of David Swensen's investment strategy for the Yale University endowment have remained as impressive as ever. Year after year, Yale's portfolio has trumped the marketplace by a wide margin, and, with over $20 billion added to the endowment under his twenty-three-year tenure, Swensen has contributed more to Yale's finances than anyone ever has to any university in the country. What may have seemed like one among many success stories in the era before the Internet bubble burst emerges now as a completely unprecedented institutional investment achievement. In this fully revised and updated edition, Swensen, author of the bestselling personal finance guide Unconventional Success, describes the investment process that underpins Yale's endowment. He provides lucid and penetrating insight into the world of institutional funds management, illuminating topics ranging from asset-allocation structures to active fund management. Swensen employs an array of vivid real-world examples, many drawn from his own formidable experience, to address critical concepts such as handling risk, selecting advisors, and weathering market pitfalls. Swensen offers clear and incisive advice, especially when describing a counterintuitive path. Conventional investing too often leads to buying high and selling low. Trust is more important than flash-in-the-pan success. Expertise, fortitude, and the long view produce positive results where gimmicks and trend following do not. The original Pioneering Portfolio Management outlined a commonsense template for structuring a well-diversified equity-oriented portfolio. This new edition provides fund managers and students of the market an up-to-date guide for actively managed investment portfolios.