September 03,2008

Suggested Reading List for Roundtable, “Maximizing the Use of Endowment Funds and Making Higher Education More Affordable,” on Monday, September 8, 2008, 215 Dirksen Senate Office Building

Panel 1

“College Costs and Prices: Issues for Reauthorization of the Higher Education Act”, Rebecca Skinner and Blake Naughton, Congressional Research Service, October 30, 2007.

 “The Growing Imbalance: Recent Trends in U.S. Postsecondary Education Finance”, Delta Project on Postsecondary Education Costs, Productivity and Accountability, April 2008.

Panel 2

“Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds”, No. FAS 117-1, Financial Accounting Standards Board, August 6, 2008.

DRAFT 2008 Form 990, Schedule D

DRAFT 2008 Form 990, Schedule D instructions

Panel 3

“Spending to Save”, Forbes, Senator Chuck Grassley, August 13, 2008.

“The Public Service of Universities”, The Chronicle of Higher Education, Robert Berdahl, President, Association of American Universities, Vol 54, Issue 42, Page A32, June 27, 2008.

“Wealthy Colleges Must Make Themselves More Affordable”, The Chronicle of Higher Education, Senator Chuck Grassley, Vol. 54, Issue 38, Page A36, May 30, 2008

“Harvard Endowment Aces a Brutal Year”, The Wall Street Journal, Page C1, August 7, 2008.

“Endowments Widen a Higher Education Gap”, Karen Arenson,The New York Times, February 4, 2008.

 “How Long Should Gifts Just Grow?”, The New York Times,Stephanie Strom, November 12, 2007.

“Endowments Can Become Too Much of A Good Thing”, The Chronicle of Higher Education, Mark Schneider, Vol. 52, Issue 39, Page B18, June 2, 2006

“When $26 Billion Isn’t Enough”, The Wall Street Journal,December 17, 2005.

“University Endowment Returns Are Underspent”, Don Frey,Challenge, July-August 2002.

 “When Time Isn’t Money: Foundation Payouts and the Time Value of Money”, Michael Klausner, Vol. 1, Issue 1, Stanford Social Innovation Review, Spring 2003

“Why Do Universities Have Endowments”, Henry Hannsmann,TheJournal of Legal Studies, Vol. 19, No. 1, (Jan., 1990), pp. 3-42

Article, “Scrooge U: The Illusion of Generosity”, by Lynne Munson  

Chronicle of Higher Education article, “Pressure Builds on Wealthy Colleges to Spend More of Their Assets”