ERIC Number: ED450620
Record Type: RIE
Publication Date: 2000
Understanding College & University Endowments. Brief Answers to Questions Frequently Asked by Students, Faculty, Alumni, Trustees, Journalists, Public Officials, and Others Interested in the Financial Circumstances of American Colleges and Universities.
American Council on Education, Washington, DC.
An endowment in an aggregation of assets invested by a college or university to support its educational mission in perpetuity. The endowment allows donors to transfer their private dollars to public purposes with the assurance that their gifts will serve these purposes as long as the institution continues to exist. This brochure contains frequently asked questions and answers about endowments. The sections describe: (1) what an endowment is; (2) who has endowments and in what amounts; (3) how an endowment is created; (4) how institutions with endowments balance the present and the future; (5) how endowments are invested; (6) how endowments are managed; (7) how endowments are used; (8) questions and answers; and (9) an endowment fact sheet. (SLD)
Descriptors: Donors, Educational Finance, Endowment Funds, Higher Education, Investment, School Funds
American Council on Education, Publications AD, Department 36, Washington, DC 20055-0036. Tel: 301-604-9073; Fax: 301-604-0158; Web site: www.acenet.edu.
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: American Council on Education, Washington, DC.
Note: "This report has been produced with a generous grant from TIAA-CREF."