The opportunities laid out for endowment funds benefit the students; as well as, the school itself. In general, a university will be able to generate necessary funds through annual revenues generated from endowment funds. Although particular schools will vary as to how these funds are allocated, it has remained to be an integral part in drawing out prestige and maintaining a status among the best of the best. There are numerous endowment funds that support a wide range of programs within a university. Some examples include: scholarships, fellowships, loans, professorships, research and development projects, and countless other special programs. There is no doubt that these donations; which may reach to the millions of dollars, have made an enormous impact on the school’s quality of education and enrollment. One such school that maintains these high ideals and brings to reality the possibilities of acquiring excellence in all respects is Yale University.
Building the Foundations
Yale University and its law school has established several successful ways to place endowment funds at the peak of their purpose, accepting gifts that merit different programs and facilities to enhance teaching and offer students every resource to succeed. As it were, certain amounts in gifts will merit a particular program to be named. $500,000.00; for example, will allow the creation of a research fund. A gift of several millions will name a certain position within the faculty, depending on the amount. Most endowment funds will go toward continuing advancements in student opportunities; both for undergraduate and graduate courses. Under the graduate program, $7 million will name students as tutors, scholars, and program directors. While some gifts will create an endowment fund that will directly benefit the law school and its initiatives to sustain innovative programs, others will impact the surrounding facilities. These endowment funds may encompass the development, renovation, or construction of different buildings, classrooms, halls, library, and other structures within the scope of the learning environment.
Shaping the Future
One of the main objectives of endowment funds; at least within Yale, is to create a future that is rich in educational resources and to create career opportunities. This is done through various forms of development found by way of endowments. Perhaps the most important aspect would be in establishing scholarships programs to assist in the growth and development of students. In fact, a pledge of $10,000.00 to $50,000.00 will undoubtedly aid in the payment of tuition fees, which can be spread in increments within a period of approximately five years. It is financial aid; in this respect, that sets standard for progress and ultimate success; especially for Yale University. In its rich history, Yale has proved itself to be among the top universities in the world. Its efforts in establishing endowment funds have truly made the school shine above many others. It has used resources appropriately to the advantage of its students and those who dream of getting quality education. Endowments given are not only gifts to the school, but they are gifts to ensure a more successful future.
What makes Yale Endowment Fund interesting is that its asset allocation model could perhaps offer us insights into our own asset allocation and how we ought to manage our investment portfolio. But that is perhaps best left to another posting.
This blog is about financial freedom and serves to inform, educate and entertain the public on all personal finance matters. The author of this blog has been blogging for 5 over years. He was also a guest blogger at CPF's IMSavvy site (now AreYouReady site). This blog is visited by many unique readers from various countries every month. Do bookmark this blog and leave your comments.
Subscribe to:
Post Comments (Atom)
Featured Post
Unlock Exclusive Deals and Savings: Join Amazon Prime Today!
Amazon is celebrating Prime members with a multitude of deals during Prime Day. The event will offer more deals than ever before, with new d...
-
Civil servants or public officers in Singapore are expected to declare their financial standing when they first join and every year thereaft...
-
Trying to compile the salary pay scale for the Singapore civil service. Somehow, I only managed to find the figures for 2011. There are p...
-
In my previous article , I compared an endowment plan with an ILP. Many might think that an ILP is a silly way to save for my child's ed...
-
Everybody loves free stuff. So as part of the Christmas Celebrations, I am giving away MONEY! ANYONE can earn it. Just leave a comment on th...
-
How much does a normal or average Singaporean earn? Based on median income, that is supposed to be $2,400 per month and raised to over $300...
-
Networth as of Feb 2010 is estimated around $652,000. A slight drop from Jan 2010. The decline in networth was due to a slight drop in my ...
-
“We are more than that; we are in the business of creating time.” - Tay Liam Wee Mr Tay Liam Wee has an estimated networth of around S$135m....
-
Here are some frequently asked questions about sgfinancialfreedom: Q: How do you compute your networth? A: I compute my networth by adding m...
-
As most of you know by now, I have started a POSB Kids Savings account for my child. The main purpose of this account is to save for his un...
-
Everybody who invests in the stock market definitely has their favorite stocks for the year. Reading the Sunday Times today, I read on how t...
I forget his name, but I believe the fellow who ran Yale's endowment for many years wrote a book on the subject.
ReplyDeleteHis name is David Swensen. He is a Yale Professor I believe and its Chief Investment Officer.
ReplyDelete