The report of the Donee Group (a coalition of public interest, social action, and volunteer groups acting as advisors to the Commission on Private Philanthropy and Public Needs) on the characteristics of private philanthropy is presented. After an introductory section, the perspectives of the Donee Group and those of the Commission are surveyed.…

Outlines the history of the development of the government accounting standards and discusses the research conducted by three professional organizations aimed at improving governmental accounting standards. (Author/MLF)

Updates the Governmental Accounting Standards Board (GASB) statements, which pronounce upon and provide guidance in accounting and financial reporting for state and local governmental entities. Describes the development of GASB's governmental finance-reporting model project and identifies five components of internal control. One figure and two…

Information concerning the Washington-based Women's Equity Action League (WEAL), its legislative recommendations, and internship program is presented. Excerpts from Title IX sections applying to sport and a memorandum from the Department of Health, Education, and Welfare (HEW) regarding the legal obligations of school officials are included, as…

Reviews the reasons why community colleges are not getting their share of the federal funds awarded to post-secondary institutions and proposes methods of remedying the situation. (DC)

In fiscal year 2004, lenders made about $65 billion in loans through the Federal Family Education Loan Program (FFELP) to assist students in paying for postsecondary education. The Higher Education Act (HEA), which authorizes FFELP, broadly defined eligible lenders, including schools. The Department of Education's (Education) Office of Federal…

Higher education, it is suggested, should accept some federal cutbacks, but cuts that threaten research or push too many students away from careers with social responsibility do national harm. Leadership on campuses is needed to institute reforms where needed, and to encourage student's ethical sensitivity. (Author/MLW)

The Tax Reform Act of 1986 limited the ability of school districts to borrow money through the sale of tax-exempt bonds and then invest bond issue proceeds at interest rates higher than those paid on the bonds. Discusses practical considerations and public policy ramifications. (MLF)

Summarizes the federal treasury regulation governing the deductibility of educational expenses and outlines why it is disadvantageous to student taxpayers. Proposes that Congress permit the accelerated amortization of qualified educational costs over a five-year horizon. (155 references) (MLF)

Reviews issues surrounding college tuition discounting, and outlines sources of confusion, defines various discount types, provides historical background prior to recent changes in fund accounting rules, describes the new rules' impact, outlines different uses of tuition discounting by three groups, and applies the accumulated definitions to an…

The Subcommittee on Commerce, Consumer Protection and Competitiveness of the House Committee on Energy and Commerce met on three occasions to hear testimony on intercollegiate sports and in particular on proposed legislation to regulate college sports, to assure due process in investigations of the National Collegiate Athletic Association (NCAA),…

Explains the proposed revisions to Internal Revenue Service regulations that would require school districts to calculate the earnings on investments and deduct these earnings from bond obligations. Demonstrates how the revisions would restrict use of the proceeds of short-term investment of borrowed funds and limit cash on hand. (MLF)

The federal government has expanded its role as consumer and investor by taking financial responsibility for the promotion of equal opportunity and the support of research and graduate instruction. The adversary relationship between universities and the government is described, and suggestions for improvements are offered. (LBH)

Discusses changes in the accounting requirements for nonprofit organizations resulting from the implementation of two Statements of Financial Accounting Standards issued by the Financial Accounting Standards Board. Examines changes in recording transactions, ascertaining the correct way to record donations or unconditional promises for donations,…

A federal tax official specializing in tax-exempt organizations discusses the relatively new use of coordinated examination audits. Significant issues being raised as the use of such audits expands are examined, including employment tax, contractors, withholding on students, unrelated business income, bond financing, the audit process, corporate…