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Articles: Grants

Capital fundraising retains a top slot among institutional fundraising priorities due to renovation and construction imperatives, new program requirements and the need to update technology. In addition to broader capital campaigns and a razor-sharp focus on major donors, more institutions are seeking support from the business sector.

Advance planning: Dedicated alumni and friends of Hendrix College can purchase a niche in a campus columbarium.

From cashing in on beer sales at football games to providing community members with a safe way to trash old electronics for a fee, administrators are looking beyond tuition and endowments to make up for budget shortfalls.

More than 165 college and university presidents have asked President Obama and Congress to help close the “innovation deficit.” In an open letter coordinated by the Association of American Universities (AAU) and the Association of Public and Land-grant Universities (APLU), the presidents urge them not to cut additional research and education discretionary spending. By coining the phrase “innovation deficit,” they hope to spark national and local conversations.

In the life of an institution, the chief financial officer helps drive the big narrative, but also digs down into the day-to-day. A CFO is strategist and analyst, decision-maker and inspirer, and protector and possibility-seeker all in one.

As a result of March’s sequestration, colleges and universities are starting to figure out how to deal with government cuts from student loan funding and the trickle down of major cuts to agencies that support the bulk of institutional research and development. Tribal colleges and universities, Hispanic-serving institutions, and historically black colleges and universities have even more to contend with than the average school with cuts from separate federal grant funding they rely on to operate.

Higher ed organizations are bracing for potential cuts in student loan funding and the trickle down of major cuts to agencies that support the bulk of institutional research and development.

At Tuesday’s State of the Union (SOTU) address, President Barack Obama discussed the importance of education at all levels and after putting emphasis on early education and job training for high schoolers, he asked colleges and universities to work to make higher education more affordable for students. 

Students love lecture capture. Also enamored are administrators and faculty with active systems. Surveys and data collected from various institutions have shown it improves engagement and student outcomes. Just one example: Of first year medical students involved in the Mediasite pilot program at Penn State Hershey Medical Center, 88 percent agreed the system helped them achieve their educational goals.

In his 2011 State of the Union message, President Obama proclaimed that the "first step in winning the future is encouraging American innovation." The Bayh-Dole Act, which I co-sponsored with Senator Robert Dole in 1980, has done just that. I've watched with great interest as the Bayh-Dole Act has established our university technology transfer system as a model for the world by permitting universities, small businesses, and nonprofits to own and manage patentable inventions arising from research conducted in their labs using federal funds.

There are scholarships available for just about anything these days. In addition to endowed scholarships for students with names such as Zolp, Scarpinato, Gatling, Baxendale, Hudson, Thayer, Downer, Bright, and Van Valkenburg, many organizations offer awards for specific talents or interests.

WHEN IT BECOMES HARDER TO raise funds and the notion of success is coming up with just 90 percent of last year's revenues, fundraisers must get smarter--by better understanding their donors and the different tools and approaches to connecting with them. Colleges and universities of all sizes now have the opportunity to influence and motivate a new generation of donors and get them in the "habit of giving," but it's an uphill climb. The competition for every second of attention and each dollar is frenetic.

NO ONE ENVIES YOU, DEAR READER. Higher ed administrators are seeing students with greater financial need and donors with shallower pockets and shorter arms. What are you and your fundraising folks to do in order to narrow that gap?

IN AN EFFORT TO GET AMERICA’S recently unemployed workers back to work, the Obama administration has implemented several initiatives to encourage them to learn new job skills through postsecondary education. These initiatives are likely to affect higher education institutions and provide additional opportunities to educate workers who have been negatively impacted by the economic downturn.

IT WAS THE DISASTER THAT DIDN'T happen, despite the headlines in national and local newspapers throughout the spring of 2008. “College Financial Aid System ‘In Crisis,’” proclaimed USA Today. “No Funds to Lend to 40,000 Students,” blared the Boston Globe. “Student Loans Start to Bypass 2-Year Colleges,” warned The New York Times.