Higher Education Endowments Return

Autor/inn/en	Bahlmann, David; Walda, John D.; Sedlacek, Verne O.
Titel	Higher Education Endowments Return
Quelle	In: Trusteeship, 20 (2012) 2, S.32-35 (4 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1068-1027
Schlagwörter	Stellungnahme; Higher Education; Endowment Funds; Annual Reports; Educational Finance; Finance Reform; Financial Problems; Money Management; Investment; Resource Allocation; Donors; Fund Raising; Outsourcing; College Administration; Governance; Board of Education Policy; Economic Impact + Suchen Sie Ihr Suchwort? Hochschulbildung; Hochschulsystem; Hochschulwesen; Stiftungsvermögen; Annual report; Tätigkeitsbericht; Bildungsfonds; Financial reform; Finanzreform; Investments; Geldanlage; Investiton; Ressourcenallokation; Fundraising; Spendensammlung; College administrators; Hochschulverwaltung; Education; Educational policy; Financing; Steuerung; Bildung; Erziehung; Bildungspolitik; Finanzierung; Ökonomische Determinanten
Abstract	A new study of endowments by the National Association of College and University Business Officers (NACUBO) and the Commonfund Institute has brought good news to college and universities: While endowment returns dropped precipitously in fiscal year 2009 as a result of the financial crisis and accompanying slide in equity markets, they climbed to an average of 19.2 percent for fiscal year 2011. At the same time, however, 2011 returns were still below the average inflation-adjusted spending rates of educational institutions. In addition, the European debt crisis and continuing economic difficulties in America have resulted in new market volatility since the end of the 2011 fiscal year on June 30. What does all this mean for endowments going forward? How should boards think about endowment spending, asset allocation, outsourcing, gifts and donations, and institutional debt? The NACUBO-Commonfund Study of Endowments reports and analyzes return data and a broad range of related information from public and private American colleges and universities. The 2011 study includes data from 823 institutions. Its size and scope make it the most comprehensive annual report on the investment management and governance practices and policies of higher education institutions across the country. In this article David Bahlmann, president and CEO of the Ball State University Foundation, speaks with John D. Walda, president and CEO of the NACUBO, and Verne O. Sedlacek, president and CEO of Commonfund, about the results of the study and its major implications for boards. (Contains 3 resources.) (ERIC).
Anmerkungen	Association of Governing Boards of Universities and Colleges. 1133 20th Street NW Suite 300, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10