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Articles: Endowments

Wendy B. Libby is president of Stetson University.

College tuition has been growing at roughly double the rate of inflation for decades. At last, the trend of annual tuition hikes appears to be cresting.

“The company will make an initial investment of $50 million in a new and ongoing education program specifically designed to cover tuition costs for hourly employees—a result of the recently enacted tax reform and representing a total allocation of more than $175 million in this fiscal year.” Continue reading.

The finalized version of the Tax Cuts and Jobs Act that President Trump signed into law poses less of a perceived threat to higher ed than the bill that passed the House.

Proponents say that people who use education-savings accounts will benefit from deductions in student loan interest.

Critics, however, predict that the doubling of the standard deduction will result in fewer philanthropic contributions to colleges and universities. —Steven Wyman-Blackburn

BEREA, KENTUCKY—President Lyle Roelofs likes to buy running shoes for his students at Berea College—as long as they get some exercise with him twice weekly before class.

 Donald Hasseltine, formerly vice president for development at Brown University, is now a senior consultant with the Aspen Leadership Group.

Alumni participation is falling at a precipitous rate, the number of mid-level major gifts are flat, and annual fund support has struggled to keep pace with inflation.

More than 500 colleges and universities provide some type of resource to help students address unexpected financial emergencies, according to a 2016 study by NASPA.

Lori E. Varlotta is president of Hiram College in Ohio.

This fall, Hiram College becomes one of just a few universities in the country—and the only four-year college in Ohio—to launch a campuswide mobile technology program.

BACK A BOILER—Purdue's self-funded ISA program has served 160 juniors and seniors since its launch in fall 2016 and will include sophomores as of next school year. Students with any major may participate in the program, launched as part of a broader effort to make college affordable.

The ISA concept, which many describe as selling stock in yourself, is now an emerging hot topic within the higher ed financing debate.

Barry Mills has been appointed higher ed deputy chancellor and chief operating officer of the University of Massachusetts Boston.

Barry Mills has been appointed deputy chancellor and chief operating officer of the University of Massachusetts Boston.

Keeping student tuition and fees down is the top priority for 2017 selected by campus CFOs and other finance department administrators in a UB survey—yet tuition revenue and nontuition student fees are the biggest anticipated funding categories for the coming year.

Nirmal P. Narvekar, now at Harvard, was previously CEO of Columbia University’s $9.6 billion endowment, which returned an average 10.1 percent during his leadership.

Nirmal P. Narvekar is the new president and CEO of Harvard’s $35.7 billion endowment, the largest fund in higher ed.

Narvekar, a former JPMorgan Chase & Co. derivatives trader, was also previously CEO of Columbia University’s $9.6 billion fund, which returned an average 10.1 percent during his leadership from 2005 to 2015. At Harvard, he is expecting to improve fund performance and reorganize staff at Harvard Management Co., which oversees the endowment.

When Teri McIntyre was a University of Wisconsin undergrad in the early ‘90s, she volunteered to call alumni to ask for college fund donations and—believe it or not—she liked making those calls. A university development officer noticed and offered McIntyre a job after graduation.

Thomas J. Botzman is president of Misericordia University.

My institution, Misericordia University in Pennsylvania, received a solid, but uninspiring B- on Forbes "America’s Top Colleges 2016." After reviewing the criteria, though, it appears our letter grade represents who we aspire to be as it fits our long-held mission of serving first-generation students and others in need.

Jeffrey R. Docking is the president of Adrian College in Michigan and the author of "Crisis in Higher Education: A Plan To Save Small Liberal Arts Colleges in America."

Sometimes, well-known propositions lead to predictable conclusions. But not always. Occasionally, they lead to surprises—and even busted myths. Here’s one: Wealthy, private institutions willing to invest large endowments in financial aid for poorer students do the best job of expanding access to higher education.

Intentional Endowments Network supports investment practices that produce financial returns while addressing environmental, social, governance and sustainability factors.

With college students increasingly calling on schools to divest endowments from fossil fuels, Becker College in Massachusetts became the first institution to mandate that all of its investments generate a positive impact on society—and a targeted financial return.

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