institutionalfinance

Bucknell receives gift inspired by handling of score reporting scandal

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Donors impressed by Bucknell's handling of a scandal give university its third-largest gift.

Holy Family U. Eliminates 25 Jobs

Holy Family University eliminated 25 non-faculty positions last month, roughly 5 percent of its work force, Philadelphia Business Journal reported. The Philadelphia-area Roman Catholic institution has seen its enrollment dip from 3,224 to 3,094 in the last two years, its officials told the newspaper, saying that the layoffs would result in a shift of resources to "certain areas to enable us to continue to grow and prosper, one administrator said.

U. of California Ordered to Reveal Details on Investments

A California judge has ordered the University of California System to reveal how its investments in two venture capital funds have performed, The San Jose Mercury News reported. Reuters sued for the information, arguing that it is covered by the state's open-records laws, a point disputed by the university system.

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Moody's: Higher Ed Downgrades Vastly Exceeded Upgrades in 2012

Moody's Investors Service downgraded 34 higher education institutions in 2012 while upgrading only 3, the ratings agency reported Friday, an indicator of ongoing financial challenges facing colleges and universities. Analysts chalked up the downgrades to problems raising net tuition revenue, continued state budget cuts, and enrollment troubles. "Of the seven public universities whose ratings were downgraded in the fourth quarter, five had declines in total full-time equivalent student enrollment," the report notes. Prominent downgrades included the Pennsylvania State System of Higher Education and Pennsylvania State University.

Endowments averaged a small loss for the 2012 fiscal year

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College endowments averaged a small loss for the 2012 fiscal year -- the third year of losses since 2007 -- highlighting growing uncertainty about a once robust and predictable revenue stream.

CFPB opens wide-ranging inquiry into campus debit cards

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The Consumer Financial Protection Bureau opens an inquiry into colleges' agreements with banks and providers of preloaded debit cards.

Community colleges are good investment for students and taxpayers, report finds

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Associate degrees pay off for both students and taxpayers, report finds, but state funding of community colleges still lags.

Colorado shifts focus of state grant from affordability to completion

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Without enough state aid dollars to make college affordable, Colorado is shifting the focus of its grant program from affordability to encouraging credit completion. 

$100M for Engineering at U. of Illinois

The Grainger Foundation has pledged $100 million for engineering programs at the University of Illinois at Urbana-Champaign. The funds will be used for endowed chairs, scholarships and facilities.

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Fund-Raisers Predict Return to Pre-Recession Levels

College and university fund-raisers predict that giving to their institutions grew by an average of 5.5 percent in 2012, according to a twice-annual survey by the Council for the Advancement and Support of Education. If that prediction holds true, giving for 2012 would be higher than the $31.6 billion record high for the 2007-8 academic year. Fund-raisers also predict giving to grow by 5.8 percent in 2013, a rate equal to the average over the past 20 years.

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