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"Some college administrators seem so distracted with fund raising, academic infighting, and community initiatives that they set up their emergency communications departments very poorly. Training is poor to nonexistent, secretaries are pressed into service with tremendous responsibilities for running 'notification systems' 24/7 and on weekends because no one else knows how to do it and the administration won’t pay for additional staff. Procedures are seat-of-the-pants and dependent on HIPPO (highest paid person’s opinion), except when something like Virginia Tech happens and there is some sort of scramble to do something different." --Donna
Most Colleges Avoid Risk Management, Report Says
More Than 1,100 Colleges Join Yellow Ribbon Program for Military Veterans
A total of 1,165 colleges have signed up for a federal effort to help military veterans attend college.
Record-Setting Jury Verdict Could Mean (More) Profits for NYU
New York University’s 2007 patent-royalty sale anticipated the potential for further payments.
Jill Biden Shines a Global Spotlight on American Community Colleges
Speaking at a Unesco conference in Paris, the vice president’s wife stressed the importance of two-year institutions to the nation’s educational goals.
Connecticut Public Colleges Lose 200 Professors to Early Retirement
Administrators are scrambling to plug holes in their course schedules for fall, with most expecting to do so by hiring more adjuncts or increasing class sizes.
U. of Georgia Paid 2 Fraternities $2.4-Million to Relocate, Contracts Show
The two were among five with houses on property where the university plans to build new academic facilities.
College Suspends Student for Working in Gay Pornography | 58
President Obama's Visit to Notre Dame Carries Barely a Hint of Controversy That Preceded It | 58
Drug Sting Nabs 21 Students at U. of Illinois | 57
Faculty Members and Union Protest Staff Layoffs at Temple U. as 'Cruel' | 57
North Dakota Board's Vote Puts 'Fighting Sioux' Mascot on Thinner Ice | 57
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October 1, 2008
IRS Releases Taxing Questionnaire for Colleges
Washington — The Internal Revenue Service released details today of a 42-page questionnaire it is sending to roughly 400 colleges to collect information about their executive compensation, endowments, and outside business income.
Among other things, the questionnaire examines how a range of small, medium, and large institutions report income and losses on business activities that may be taxable and how they manage and spend their endowments (The Chronicle, September 12).
The federal agency, through its Colleges and Universities Compliance Project, also will examine, in depth, how colleges pay their presidents and other top executives, including perks such as first-class travel, personal use of a credit card, and services such as housekeeping and lawn maintenance.
Like a similar questionnaire the IRS requires of some tax-exempt hospitals, the reports for individual colleges will not be made public. The agency will compile a report on their findings and possibly audit some institutions, to ensure that they are following existing tax laws. —Eric Kelderman
Posted on Wednesday October 1, 2008 | Permalink |
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