ERIC Number: ED252148
Record Type: RIE
Publication Date: 1984-Feb
Reference Count: 0
How Can We Afford This: Funding & Financing Means.
Kaiser, Harvey H.
Sources of funds for campus capital renewal and replacement are discussed, including the operating budget, external sources, conversion of assets, and innovative techniques. Current funds can be obtained from tuition and fees, external sources, and sales and services of educational or auxiliary operations. Public universities are more heavily dependent on federal aid and contracts than are private universities. State governments play a significant role in supporting public higher education and, to a lesser degree, private institutions. In the early 1980s, the private sector derived a larger percentage of revenues from private gifts and endowment funds than did public institutions. Educational activities and auxiliary enterprises sell goods and services to faculty, staff, students, and the public. Object categories of college expenditures could be examined for ways to reduce costs and as a potential source for capital renewal and replacement funds. Additional sources of funds are foundations, corporations, and individual donors. Ways of soliciting gifts from private and corporate donors are identified, along with recommendations for obtaining government financial support for renewal and replacement. Debt financing and innovative techniques, such as land development and tax benefits, are also considered. (SW)
Publication Type: Opinion Papers
Education Level: N/A
Audience: Administrators; Policymakers; Practitioners
Authoring Institution: N/A