Literaturnachweis - Detailanzeige
| Autor/inn/en | Cary, William L.; Bright, Craig B. |
|---|---|
| Institution | Ford Foundation, New York, NY. |
| Titel | The Law and the Lore of Endowment Funds. Report to the Ford Foundation. The Educational Endowment Series. |
| Quelle | (1969), (82 Seiten) |
| Dokumenttyp | gedruckt; Monographie |
| Schlagwörter | Educational Economics; Educational Finance; Financial Policy; Higher Education; Investment; Laws; Philanthropic Foundations; Private Financial Support; Trusts (Financial) |
| Abstract | This report examines the law governing endowment funds in an attempt to determine its bearing on the formulation of a sound university investment policy, i.e. whether the law is a neutral factor, or whether the law limits the flexibility of directors of educational institutions and forecloses choices otherwise open to them. Part I of the report deals with the meaning of "income" and discusses the moral issues involved, terms of typical donative instruments, the law in general, cases involving and not involving administration of funds; the existing law governing charitable corporations, the corporate and other definitions of income, financial and investment trends, classification of realized appreciation, and means of classifying realized gains as income. Part II deals with other legal problems affecting endowment funds, and discusses permissible investments, the fear of liability, and delegation of investment responsibility. The report concludes that there are no legal impediments hampering managers of educational endowment funds in their efforts to develop sound investment policies. The appendix deals more extensively with cases not involving administration of funds. (AF) |
| Anmerkungen | Ford Foundation, Office of Reports, 320 East 43rd Street, New York, New York 10017 |
| Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
| Update | 2004/1/01 |
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