Two important responsibilities of a trustee investment committee are the selection of the managers and the asset allocation of the endowment fund. Benefits from outside management include the ability to select firms that specialize in a particular segment of the market and the spreading of assets to reduce risk. (Author/MLW)

College and university administrators and trustees have an obligation to maximize the return on all available resources consistent with law and with prudent conduct. Assessing and minimizing risk is an essential component of developing a creative financing program. (MLW)

Lehigh University's (Pennsylvania) commitment to meeting the financial aid needs of all regularly admitted first-year students who are U.S. citizens or permanent residents has meant reallocation of institutional resources. The policy has already improved the applicant pool and quality of the first-year class, making the institution more…

A survey of leaders in higher education management and finance indicates that critical external issues facing trustees include demographic trends, state and national education policy, public opinion, family finances, leadership, regional and sector economic performance, faculty supply, and market position. (MSE)