Category Archives: Revenue

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Moody’s Issues Negative Outlook for Higher Education

On the heels of a similarly downcast assessment by Standard & Poor’s, Moody’s Investors Service has issued a negative outlook for the higher-education sector in the United States. The credit-rating agency also issued individual reports on median benchmarks for the finances of public and nonprofit private colleges, noting significant tuition-revenue declines at both types of institutions.

While American higher education faces limited growth prospects over the next 12 to 18 months, Moody’s says, p…

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Death of ‘Patent Troll’ Bill Is Mixed Blessing for Research Universities

Congress now seems unlikely this year to pass patent-reform legislation aimed at controlling so-called patent trolls. That’s both good news and bad news for the research universities that have been in the thick of the debate.

The bad news, according to John C. Vaughn, executive vice president of the Association of American Universities, is that there will be no new law, yet “there is a problem out there to be solved.” The good news, he says, is that proposals being pushed by the computer and inf…

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UCLA Sets $4.2-Billion Campaign Goal, Largest by a Public University

The University of California at Los Angeles announced on Friday a $4.2-billion campaign, the largest goal sought to date by a public university in the United States.

The Centennial Campaign is scheduled to conclude in 2019, the 100th anniversary of the university’s establishment. The bulk of the campaign’s total—$1.65-billion—is earmarked to build up the university’s research, while $1.5-billion would go toward student aid and faculty support, including endowed professorships. Some $800-million …

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College Provides $750,000 to Fight Blight at Its Doorstep

Bottom Line

A three-story residence on Osborn Street, near Providence College, was among the properties that the Smith Hill Community Development Corporation renovated for use as affordable housing. The college has pledged $750,000 to the organization to support its work. (Smith Hill Community Development Corporation)

Plenty of urban colleges struggle with neighborhood blight, and Providence College is among them. Situated on 105 acres overlooking Providence, R.I., the college borders Smith Hill, where aban…

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Penn State’s Patent Auction Produces More Lessons Than Revenue

Last month Pennsylvania State University held an auction to sell dozens of engineering patents to the highest bidder, setting off speculation on whether the move would produce a financial windfall for the university. It also stirred consternation among some in the world of academic research, who feared the auction might create easy pickings for businesses known as “patent-assertion entities.” Such entities, also known as patent trolls or nonpracticing entities, scoop up rights to patents and the…

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Many Colleges ‘Hoard’ Endowments During Rough Economic Times

When the economy is doing well, many colleges increase their endowment spending on new programs, new buildings, new positions, and breaks in tuition. But when times are tough—at precisely the moment that campuses could most use the money—colleges’ endowment managers are less likely to spend it.

“That’s a really strange thing to do if the purpose of the endowment is at least in part to help the university overcome economic shock,” says Jeffrey R. Brown, a professor of finance at the Univers…

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Abilene Christian U. Opens Campaign With $55-Million in Gifts

Architect’s rendering of the Onstead Center for Science and Humanities (Courtesy of Abilene Christian U.)

Fund-raising campaigns frequently open with one big gift. Abilene Christian University has begun the public phase of its “Vision in Action” campaign with three sizable donations.

The Texas institution, which is affiliated with the Church of Christ, announced on Friday that it had received gifts totaling $55-million. The money provides a foundation for its campaign to raise $75-million to con…

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Fund Raisers Predict 5.2% Growth in Gifts to Education This Year

Donations to colleges, universities, and private elementary and secondary schools rose an estimated 5.1 percent in the 2013 fiscal year, and fund-raising professionals expect to see that rate increase to 5.2 percent in 2014, according to a new survey by the Council for Advancement and Support of Education.

The CASE Fundraising Index, which is compiled twice a year, is based on a survey of 1,800 CASE-member institutions in the United States. The January survey had a response rate of 10.1 percent.

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Report Notes Sharp Rise in Giving to Education in 2013

Charitable gifts to colleges and other educational institutions rebounded in 2013 thanks to a recovering economy, a booming stock market, and the cultivation of major donors, says a new report by Blackbaud, a company that makes fund-raising technology.

Overall gifts to education rose 6.5 percent in 2013, and online giving to education was up 14.4 percent, says the “Charitable Giving Report.” Giving to charities of all kinds grew an average of 4.9 percent, while online giving grew 13.5 percent, t…

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Columbia U. Completes $6.1-Billion Campaign

Lee C. Bollinger, president of Columbia University, announced in a letter to alumni on Thursday that the institution had collected $6.1-billion in a seven-year capital campaign that concluded on December 31.

It was the biggest sum raised by an Ivy League institution and the second largest in higher education, behind Stanford University’s $6.2-billion in a campaign that ended in 2011. Harvard University announced a $6.5-billion campaign last fall.

Donations to the Columbia campaign included a $40…