Feature

Subcategory of CFO News

Remodel or new construction?

Many colleges and universities are tempted to revamp buildings because there isn’t enough space to construct new, technology-rich facilities. But sometimes, the amount of renovation required can drive costs so high that it may be less expensive to build something new.

That was the situation at Gulf Coast State College (Fla). College president James Kerley explains that an early candidate for a new technology center was a building from the 1960s that was being used as a tech hub.

Is Fossil Fuel Divestment a Wise Move?

Making the case for and against stripping endowments of fossil fuel investments

Stop Feeding the Monster. End the Coal Age. Divest the West. Sandy Says: Divest Climate Destruction. Bound by Fossil Fuels, Freed by Action.

Messages like these have emblazoned banners on campuses across the country since 350.org’s Fossil Free divestment campaign began last November.

The Giving Cart

Creating a shopping cart experience for online donor transactions

The idea was simple: Let online donors make multiple gifts with a single checkout. Not long after Randy Brown joined the Michigan State University advancement team as webmaster in 1999, he got assigned this task, which was anything but simple to execute.

“That was sort of his night job,” says Bob Thomas, assistant vice president for advancement marketing and communications. “It was kind of a running joke. We’d talk about it at annual planning meetings.” One year, someone even presented a mini shopping cart at the meeting to Brown as a tangible reminder.

Making Banking Partnerships Work

Tips for getting the best deal—for a school and its students

Until a few years ago, a visitor to a college campus might have thought credit card vendors operated branch offices there, so pervasive was their marketing. For many students, getting their first credit card was a step toward adulthood. In the best of circumstances, students began lifelong associations with a particular bank or financial institution, and established their all-important credit history.

Let’s Make a Deal

Contract negotiations can be uncomfortable for procurement professionals used to a different kind of sourcing, but the right strategies and tools can turn them from awkward to artful negotiators.

If the phrase “everything is negotiable” makes you uneasy, you’re not alone. Even though negotiation is increasingly essential for campus procurement departments, the task is often approached with trepidation. This isn’t surprising, given the past experience of many procurement professionals, says Steve Mack, director of procurement services for the University of Missouri System.

Opportunity Knocks

Donor-advised funds offer universities a pot of gold

A particular anonymous couple, both Cornell University alumni, could be considered the proverbial advancement officer’s dream. They met in high school, attended college on scholarship, embarked on successful careers after graduation, and raised three children—all of whom attended their alma mater. Recently retired, they’ve now decided it is payback time.

They have joined other alumni, some fraternity and sorority groups, and a state grape growers association in choosing to channel their philanthropy through a donor-advised fund (DAF) account administered by Cornell.

Payroll Alternatives: Pros and Cons

Considerations for providing options beyond the traditional paycheck

With campus leaders looking to streamline operations and save resources, electronic payroll options are very appealing. The printing, envelope stuffing, and mailing costs associated with paper checks make them an administrative burden, says Anthony Peculic, senior director of product strategy at ADP.

Endowments: New Questions in the New Normal

What stakeholders really want to know

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.

12 Options for IT Project Financing

Finding dollars for technology projects that fall outside the general budget

While enterprisewide IT projects are generally funded through a central operating budget and approval process, smaller projects may depend on the resourcefulness of the department head or even a professor to get done.

The Payment Plan

Managing and marketing tuition installment plans for the benefit of students, families, and the institution

The cost of a college education continues to rise, despite declining consumer ability to pay for it. And with 70 percent of college students and parents agreeing that college is needed now more than ever, according to Sallie Mae’s “How America Pays for College 2012,” finding an affordable institution is key. The College Board’s annual report on “Trends in Pricing” states that the total cost of attending a four-year public university rose 6 percent in-state and, at four-year private universities, costs rose 4.4 percent in the last year.

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