Senior Moment
CURRENTS Article This brief article looks at Rye Country Day School's yearly effort to solicit gifts from parents of graduating seniors, thereby expanding its endowment. Parents are encouraged to double their most recent gift to the annual fund. In recent years, parent participation has consistently exceeded 95 percent.

Talking Points: Underwater Funds
CURRENTS Article For U.S. institutions, understanding the regulations associated with spending from underwater endowments has never been more important. This Talking Points column discusses what actions are permissible under UMIFA and UPMIFA.

Closer Inspection
CURRENTS Article An interview with CASE Director of Government Relations Brian Flahaven provides insight about the federal scrutiny of educational endowments. This version of the interview contains additional information available online only.

President's Perspective: Endowed with Wisdom
CURRENTS Article CASE President John Lippincott describes why legislative attention to educational endowments is both welcome and worrisome.

Closing Remarks: Come Together Over Me
CURRENTS Article The author proposes that the 12 institutions affiliated with the African Methodist Episcopal Church combine their fundraising efforts to create one endowment.

Advance Work: Here's to Your Health
CURRENTS Article The future of these independent schools is looking good.

Closing Remarks: Those Enormous Endowments
CURRENTS Article The endowments of the richest U.S. colleges and universities are big and becoming enormous. The author posits that U.S. higher education is losing its way and proposes a way to rectify the disparity between rich and and not-so-rich institutions.

Talking Points: Endowments 101
CURRENTS Article This Talking Points column discusses the purpose of an endowment, how its spending is determined, and how it works to support the organization's mission.

Advance Work: Gifts that Grow
CURRENTS Article A recent study compares the top five endowments in the United Kingdom to those in the United States.

To Preserve and Protect
CURRENTS Article Endowment management and stewardship are complicated by a wide range of internal and external issues. Today's donors, in addition to wanting more information about how institution leaders are investing and spending their gifts, want to be reassured that the spirit of their gifts is being honored. This article describes the philanthropic climate in which endowment managers are operating and identifies specific strategies that development officers should incorporate into their endowment stewardship efforts.

Talking Points: That Sinking Feeling
CURRENTS Article Recent stock market declines have highlighted a provision of the Uniform Management of Institutional Funds Act (UMIFA) that's causing problems for institutions whose endowed funds have dropped below their historic values--otherwise known as underwater endowments.

Closing Remarks: A Bumpy Ride
CURRENTS Article Advancement and foundation officers’ priority is to protect endowment income for their campuses. As the market downturn has been accompanied by a recession, two of three college and university endowments declined in value in fiscal year 2001—the first such decline since 1984. Here are some tips on how to bear with the natural ups and downs of the market.

AdvanceWork: Sharing the Wealth
CURRENTS Article Problem/Solution