ERIC Number: ED246759
Record Type: RIE
Publication Date: 1983-Mar-24
Reference Count: 0
Small College Endowment Act of 1983. Hearing before the Subcommittee on Postsecondary Education of the Committee on Education and Labor. House of Representatives, Ninety-Eighth Congress, First Session on H. R. 2144.
Congress of the U.S., Washington, DC. House Committee on Education and Labor.
Hearings are presented on H. R. 2144, a bill to amend Part C of Title III of the Higher Education Act of 1965 to establish an endowment program for developing institutions, and for other purposes. This change in legislation would permit use of authorized funds to assist Title III institutions to build or enhance institutional endowments and would allow use of challenge grant funds for endowment building at a one-to-one federal-to-institution dollar match. The endowment program is designed to provide additional incentives to promote fundraising activities by the developing institutions, and to foster increased independence and self-sufficiency. The endowment grant to an institution in any fiscal year would not exceed $200,000 nor would be less than $50,000. The eligible institutions would therefore contribute a minimum of $50,000. Proceeds from the endowments would be available for institutions' use to enhance their educational product and its delivery. Criteria for receipt of a grant under this program are outlined. In addition to the text of the bill, the views of the Department of Education concerning the proposed legislation are provided, along with the outlooks of representatives of professional organizations and colleges. Supplementary materials include a state listing of institutional members of the National Association of Independent Colleges and Universities (NAICU); and a 1983 policy statement of NAICU. (SW)
Descriptors: Capital, Capital Outlay (for Fixed Assets), Developing Institutions, Educational Finance, Eligibility, Endowment Funds, Federal Legislation, Fund Raising, Government School Relationship, Hearings, Higher Education, Incentive Grants, Institutional Autonomy, Position Papers, School Funds, Small Colleges
Publication Type: Legal/Legislative/Regulatory Materials; Reports - Descriptive
Education Level: N/A
Authoring Institution: Congress of the U.S., Washington, DC. House Committee on Education and Labor.
Identifiers: Department of Education; Higher Education Act Title III; National Assn Independent Colleges Universities
Note: Document contains small print.