University Endowment Growth: Assessing Policy Proposals

Autor/inn/en	Milton, Ross T.; Ehrenberg, Ronald G.
Institution	Cornell Higher Education Research Institute (CHERI)
Titel	University Endowment Growth: Assessing Policy Proposals
Quelle	(2014), (20 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Endowment Funds; Program Proposals; Universities; Colleges; Higher Education; Educational Finance; Financial Policy; Taxes; Simulation + Suchen Sie Ihr Suchwort? Stiftungsvermögen; University; Universität; College; Hochschule; Fachhochschule; Hochschulbildung; Hochschulsystem; Hochschulwesen; Bildungsfonds; Fiscal policy; Finanzpolitik; Abgabe; Simulation program; Simulationsprogramm
Abstract	The growth of college and university endowments, particularly those of elite schools, have drawn the attention of policymakers and pundits. Using a decomposition of the growth of endowments between 1991 and 2010 we simulate the effects of three prominent proposed policies had they been implemented in 1991 on endowment payouts through 2010: (1) a minimum spending rule, (2) removing full income tax deductibility of donations, and (3) taxing total endowment sizes beyond a given size. We find that a minimum spending rule increases the average size of endowment payouts for all quartiles of the endowment distribution in nearly all years of the sample period and has a modestly larger relative impact on richer schools. Removing tax deductibility decreases endowment payouts with its effect increasing over time. It has a larger relative impact on schools with smaller endowments than on richer schools. (As Provided).
Anmerkungen	Cornell Higher Education Research Institute. ILR-Cornell University 273 Ives Hall, Ithaca, NY 14853. Tel: 607-255-4424; Web site: http://www.ilr.cornell.edu/cheri
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01