Are Your Reserves Long-Term Capital?
Determining the appropriate size of near-term reserves and how to invest any remaining reserves is more art than science and requires careful consideration of a number of factors.
Authored by: Tracy Abedon Filosa
Spending Policy Practices: 2015
The data and analysis in this report cover a variety of spending topics including spending rule types, the endowment’s support of operations, and effective spending rates. This year’s report also introduces the Cambridge Associates Endowment Spending Model.
Fundraising and Endowment Oversight for Public Universities
The strains on public universities require a new approach to resources, and an increasingly expertly managed endowment fund and fundraising operation are essential to that evolution
The Missing Metric for Endowment Growth: Net Flow Rate
By comparing the net flow rate with the real investment return, an institution can determine whether its LTIP is successfully sustaining its role in the institution’s business model The net flow rate is the regular LTIP payout rate plus reinvested operating surpluses, capital additions, and capital withdrawals. Over the long term, the real investment return…
Investing Across the Institution – Managing Financial Resources Through an Internal Bank
By centralizing capital funding and operating assets in an internal bank, institutions can decrease required cash balances, increase expected investment returns, better manage debt capacity, and direct funds to institutional priorities. This report reviews in detail the operating and capital functions of an internal bank, the rationale for setting up each type of bank, and…