Campus CFO News
Heartland Payment Systems Campus Solutions division has been awarded a contract by the Tennessee Board of Regents System to manage financial aid disbursement and refund management to six universities, 13 community colleges and 27 technology centers. The TBR System manages more than $600 million in annual financial aid refunds.
Since the federal calculator mandate’s October deadline, Student Aid Services has announced that 678 campuses have selected the company’s net price calculators to help families plan how to pay for an education.
Endowments on the Rebound
After being severely impacted by the economic downturn of 2008, college endowments appear to be recovering, according to information released by NACUBO and Commonfund in February. Data gathered from 823 U.S. colleges and universities show that these institutions’ endowments returned an average of 19.2 percent (net of fees) for FY2011 up from 11.9 percent return reported for FY2010. About half of the schools surveyed had made progress towards equaling or surpassing their endowment levels of pre-recession 2008.
This improvement also follows on a low point return of -18.7 percent reported for FY2009. But, says Commonfund, the returns were still below the average inflation-adjusted spending rates of educational institutions, indicating that the damage inflicted by the downturn is still being felt by endowments.
NCCCF, CASE Team for Benefits, Services to Community Colleges
The Network of California Community College Foundations (NCCCF) will partner with the Council for Advancement and Support of Education (CASE) to expand benefits and services available to California’s community colleges and their foundations.
Under the terms of the partnership, all members of NCCCF are eligible to become CASE members, with access to resources and educational programs provided by CASE to help build stronger relationships with alumni and donors, raise funds for campus projects, and communicate with constituents.
“Community colleges and their foundations continue to face enormous pressure due to ongoing state budget issues, underscoring the importance of the work of our colleges’ advancement professionals,” says Kenneth Cooper, president of NCCCF. “CASE is uniquely positioned to provide the professional development, services, and support that we need.
White Paper Examines Donor Motivations
Converge Consulting has released a new study about alumni attitudes and motivations when donating to colleges and universities. “Findings from the Field: The Donor Motivation Study in Practice” is the second in a series of white papers presented in alliance with CASE.
The study continues Converge’s previous research on donor motivation and attitudes that classified alumni in three categories: Champions, Friends, and Acquaintances.
Since that first report, Converge worked with colleges and universities to identify the best ways to reach out to these groups and learn about the types of philanthropies which they support.
The new white paper looks at how the donor motivation study has been put into practice at specific institutions throughout the United States.
The whitepaper is available for download at http://goo.gl/41Onc (member login required).