Income from Endowments

PRIVATELY controlled institutions of higher education in the United States depend to a considerable extent upon income from productive endowment funds. An institution which is not publicly controlled is scarcely to be considered as on a permanent basis unless it has a substantial endowment. Variation in amount of endowment, however, is almost as great for individual institutions as the economists have found it is for the individuals making up the population of the United States. Thus, according to the latest available Biennial Survey of Education which gives data on productive funds of 671 privately controlled institutions of higher education, twenty of these (only 3 per cent) have over half of the total endowment credited to all of them; less than a quarter of them have almost nine-tenths (89 per cent) of it; while the remaining threequarters of these institutions have to get along on only a little over onetenth of the total wealth invested in this form of permanent educational benefaction.' Figures for these three groups are summarized in Table I

Demographic economics · Economic growth · Economics · Endowment · Endowment effect · Geography · Higher education · Institution · Labour economics · Microeconomics · Political science · Population · Quarter (Canadian coin · Sociology · Demography · Higher Education Research Studies · Law