Although the legislation only applies to institutions based in New York, the New York Prudent Management of Institutional Funds Act of 2010 has led to discussion in other states about how endowments should be managed to respect donor intentions while meeting institutional needs. Some key points include:
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11/20/2012
The financial crisis is in the past, more or less, and campuses are looking ahead to a new era for their endowments. But what does this mean? Four years on, we’ve come to grips with the changes wrought by the September 2008 market crash. Finance departments are revising their theories and boards of trustees are revising their expectations under what has been called the “new normal”—a time of low stock market returns, low interest rates, and low growth in personal income.
11/20/2012
UBTech 2012 and 2013 presenter Daniel Rasmus is a strategist who helps clients put their future in context. Rasmus uses scenarios to analyze trends in society, technology, economics, the environment, and politics to discover implications used to develop and refine products, services and experiences. Previously, Rasmus was the director of business insights at Microsoft, where he helped the company envision how people will work in the future.
11/20/2012
Universities and colleges are struggling to compete for high quality senior administrative leaders. Tight budgets compound the challenge, since recruiting, selecting, and relocating candidates require significant investments.
11/20/2012
In the wake of a slow, mostly jobless recovery, volatile market conditions have chilled the appetite of multinational corporations for creating permanent, full-time employment opportunities with health benefits. Recent seismic tremors in international financial markets have exacerbated these market conditions, and importantly, established the critical need for preparing a new breed of global business leaders and entrepreneurs.
11/20/2012
It’s really no surprise that today’s technology-savvy generation is challenging elements of the traditional college recruitment process. The conventional approaches of marketing, recruitment and admissions are all being called into question, in part, due to two driving factors—external influences and the changing needs of today’s student. This article explores these factors and offers ideas on what can be done to reach, and connect, with more students.
11/20/2012
Business school is a laboratory for problem solving where aspiring executives are trained to make organizations more efficient, manage risk, and develop new ways to meet society’s needs. They are trained to manage a wide variety of business tasks such as introducing better detergents or MP3 players, running a theme park, bringing life-saving medicines to market, or establishing micro-lending to improve living standards in the third world.
11/19/2012
While community colleges are supposed to be two-year institutions, many students take longer than that to graduate. Some four-year institutions, meanwhile, allow ambitious students to earn a bachelor’s degree in three years. Pima Community College (Ariz.) has come up with a new twist to the accelerated degree trend, giving East Campus students enrolling in the Sprint Schedule pilot program the chance to be done in just one.
11/19/2012
While social media is a great way to share news with family and friends, students don’t always realize the implications for their ability to secure jobs in the future. Campus administrators have been trying to educate students, especially seniors, about protecting their “personal brand” online for several years. Recently, they’ve been taking steps to protect the campus brand, as reflected in select student posts, as well.
11/19/2012
Admissions counselors are busy folks with some pretty important decisions to make, so it’s no wonder colleges and universities are looking for ways to make their lives a little more efficient. At the University of New Haven (Conn.), this help is coming in the form of iPads and an app called Matchbox, which allows counselors to review application materials on the go.
11/19/2012
Hurricane Sandy made landfall in Atlantic City, NJ, at the end of October, creating devastation up and down the East Coast. Over 100 people in the U.S. died as a result of the storm and millions were without power for weeks. College and university campuses were not immune to the damage.
11/19/2012
- Dickinson College (Pa.) will be led by a female for the first time when Nancy A. Roseman begins as the college’s 28th president on July 1, 2013. Formerly a dean at Williams College (Mass.) for seven years, she will succeed William G. Durden, who will retire June 30 after 14 years as president.
11/19/2012
While voters across the nation were glued to their screens on election night counting electoral votes, the higher education community was holding its collective breath awaiting the answers on a number of important ballot initiatives, proving this year’s election was truly about more than blue and red for higher ed.
11/16/2012
It’s nice to see something grow and take on a life of its own. When we first developed the Models of Efficiency program, we honestly didn’t know quite what to expect. We knew that, in the depths of one of the worst economic crises the country has faced in many years, people were desperately trying to find ways to “do more with less.” That mantra was drilled into the way we all did our jobs each day.
11/15/2012
The American Council on Education (ACE) has announced a research effort examining the academic potential of massive open online courses (MOOCs), in which it will evaluate select Coursera courses for college credit. If the ACE College Credit Recommendation Service (ACE CREDIT) decides to recommend these courses for credit, it could mean an improvement in college affordability for hundreds of thousands of students.
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