ERIC Number: ED121220
Record Type: RIE
Publication Date: 1975
Funds for the Future. Report of the Twentieth Century Fund Task Force on College and University Endowment Policy.
Williamson, J. Peter
The Task Force on College and University Endowment Policy examines endowment policy in a broad context. They feel that it is important to preserve private colleges and universities and develop a sense of mission about how best to pursue this objective. The Task Force reviews policy issues faced by managers of endowment funds for institutions of higher education and makes recommendations for reaching decisions on endowment objectives and for dealing with investment problems. They recommend limited expenditures from endowment income to no more than 5 percent per year, with the balance of any earnings to be reinvested for the future. The Task Force also urges retention of professional investment advisors and observes that over the long run, equities and equity related investments will provide greater return in real terms than bonds and other fixed income investments. (Author)
Descriptors: Accounting, Administration, Educational Economics, Educational Objectives, Evaluation, Financial Policy, Financial Support, Higher Education, Investment, Planning, Private Colleges, Private Financial Support
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Publication Type: Books
Education Level: N/A
Authoring Institution: Twentieth Century Fund, New York, NY.