Tag: endowment

Hoarding endowments: How poor students and taxpayers preserve the wealth of private higher education

Hoarding endowments: How poor students and taxpayers preserve the wealth of private higher education
Buried in this story about elite universities’ practice of hoarding endowments while squeezing money from Uncle Sam and poor students is a nugget of information on which the otherwise all-knowing Nonprofiteer has previously failed to focus: that colleges and universities are exempt from the 5% distribution rule which controls hoarding by foundations.  Institutions of higher... Read more »

What's wrong with this picture? Yale's endowment spending policy

What's wrong with this picture?  Yale's endowment spending policy
From a press release describing Yale’s endowment earnings and endowment spending policy: Yale’s endowment earned a 20.2% investment return for the year ending June 30, 2014.  The endowment value grew from $20.8 billion on June 30, 2013, to $23.9 billion on June 30, 2014, net of spending.  The University benefited from investment gains of approximately... Read more »
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    Nonprofiteer

    The Nonprofiteer is Kelly Kleiman, principal of NFP Consulting, which provides Board development, strategic planning and fund-raising services to charities and philanthropies. Through her consulting practice and in her guise as The Nonprofiteer, Kelly has spent the past 25-plus years helping small and mid-sized nonprofits organize themselves better and raise more money. These days she focuses especially on helping them use high-skill volunteers. Kelly is also a lawyer and freelance journalist whose reportage and essays have appeared in the New York Times, Wall Street Journal, Washington Post, Christian Science Monitor and other dailies; in magazines including In These Times and Chicago Philanthropy; in the alternative press; on websites including the Huffington Post; and on the radio, including the BBC and WBEZ Chicago Public Radio. She and her fellow "Dueling Critic" Jonathan Abarbanel present a weekly podcast of their reviews of Chicago theater at DuelingCritics.net. Earlier in her career she was dean of admissions of IIT Chicago-Kent College of Law and Executive Director of the Chicago Children’s Choir, and practiced real estate and zoning law with the firm of Rudnick & Wolfe. Kelly holds undergraduate and law degrees from the University of Chicago. She was a founding Board member of the Association of Consultants to Nonprofits and also served for 5 years on the Board of the Association for Women Journalists–Chicago. She can be reached ("Dear Nonprofiteer . . .") at KellyNFP@yahoo.com.

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