ERIC Number: ED189976
Record Type: RIE
Publication Date: 1980
Reference Count: 0
The Venture Capital of Higher Education. The Private and Public Sources of Discretionary Funds.
How and why private and "private equivalent" resources (i.e., discretionary funds) have played such a large role in higher education in the United States, and how that role can continue to be performed in the financially troubled future, are outlined. Chapter One describes the "postponed crisis" precipitated by the end of growth in higher education, and asks where the financial resources for survival will be found. Chapter Two examines trends in private philanthropy and public funding. In Chapter Three the issue of accountability is addressed: it can take the form of accountability to the past, the present, or the future. It is proposed that higher education can serve both conservative and opportunistic functions. The principle of accountability is applied in Chapter Four to changes in public funding priorities; it is proposed that emphasis in publicly funded programs has shifted from the future back to the present. Chapter Five considers the scale of the discretionary fund problem, in both public funds and other institutional income. Some trend data are provided. Divergent trends are seen in the public and private sectors: in public institutions discretionary funds decreased as a share of the total institutional budget, and the opposite trend has occurred in private education. Restoring financial autonomy is the subject of the final chapter. The roles of state and federal governments are discussed, and the specific challenges outlined. Charts showing support trends since 1967 and tables with data on private and public funding are appended. (MSE)
Descriptors: Accountability, Budgets, College Administration, College Role, Educational Finance, Educational Objectives, Federal Aid, Financial Support, Government Role, Higher Education, Institutional Autonomy, Private Financial Support, Public Policy, State Aid, Trend Analysis
Jossey-Bass Inc., Publishers, 433 California St., San Francisco, CA 94104
Publication Type: Information Analyses; Books
Education Level: N/A
Authoring Institution: Carnegie Council on Policy Studies in Higher Education, Berkeley, CA.