Five obstacles to superior investment results for small college endowments are: using local financial institutions that consistently underperform; "looking ahead in the rear-view mirror;" overemphasizing endowment income; playing monopoly with funds; and relying on inadequate information about investment results. Guidelines are offered. (MSE)

Two crucial factors in collegiate athletics are identified: revenues and the innate human compulsion to compete. All of the problems of college sports are seen as being related to financial pressures, with an inequity existing between revenue-generating and rule-setting institutions. (MLW)

While costs are increasing and revenues from endowment earnings and gifts decreasing, private and public institutions are being forced to cut spending. The author outlines a national program of competitive fellowship awards designed to help meet these problems and to sustain the quality of higher education. (Editor/JT)

Recent experiences in M.I.T.'s endowment management are outlined, from setting objectives to the organization of funds management and actual decision-making. Policies and insights gained in the process are offered, including those on income needs, building capital, and selecting markets for investment. (MSE)

An experienced investment advisor offers suggestions on compiling a lucrative portfolio of securities. Setting objectives, variation of institutional needs over time, relating investment return to improvement of institutional quality, buying strategies, and portfolio managment policies are discussed. (MSE)

Financially, the 1990s will probably not be as good for higher education as the 1980s were. All those who set policies affecting higher education--federal government, states, and institutions--must change their policies and attitudes about spending in response to the slowdown in revenue growth. (MSE)

America's economic difficulties, and therefore higher education's fiscal problems, will not respond quickly to change. Institutions must look for additional revenue sources, including tuition, philanthropy, and increased enrollment. Colleges need to acknowledge the reality of the situation, define missions carefully, make hard choices, address…