Endowment in Higher Education: International Practice and Ukrainian Reality
Dependence on state donations isn’t a key to academic success. This statement finds its support in the financial structure of the most prominent world universities. Endowment is a source of regular and stable income for such well-known universities as Harvard, Yale, Princeton and Stanford. The revenues from endowment are generally allocated to a wide range of university’s academic and non-academic purposes: provision of scholarships to talented students, financing research and innovations, covering additional costs for health care, public services and sports events. Conventionally, each endowment-fund consists of a charitable donor contributions and donations of patrons, which are subsequently invested and income received upon is directed to satisfy academic needs. This is the topic of our report “Endowment in Higher Education: International Practice and Ukrainian Reality”, which we are pleased to bring to your thorough consideration.