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Articles 1 - 14 of 14
Full-Text Articles in Law
How Did We Get Here? Dissecting The Hedge Fund Conundrum Through An Institutional Theory Lens, Cary Martin Shelby
How Did We Get Here? Dissecting The Hedge Fund Conundrum Through An Institutional Theory Lens, Cary Martin Shelby
Scholarly Articles
This article dissects both the origins and resulting harms of what the author terms the "hedge fund conundrum," in which institutional investors, such as pension plans and endowments, have consistently increased hedge fund allocations over the past decade despite pervasive evidence of excessive fees and subpar returns. It then utilizes an historical institutionalist lens to examine how lawmakers may have enabled a conundrum of this magnitude. By and large, this phenomenon is a symptom of regulatory loopholes that have permitted the private hedge fund market to increase in "publicness" through its expanding access and subsequent harm to retail investors. Such …
What Went Wrong: Prudent Management Of Endowment Funds And Imprudent Endowment Investing Policies, James J. Fishman
What Went Wrong: Prudent Management Of Endowment Funds And Imprudent Endowment Investing Policies, James J. Fishman
Elisabeth Haub School of Law Faculty Publications
Most colleges and universities of all sizes have an endowment, a fund that provides a stream of income and maintains the corpus of the fund in perpetuity. Organizations with large endowments, such as colleges, universities, and private foundations, all finance a significant part of their operations through the return received from the investment of this capital. This article examines the legal framework for endowment investing, endowment investing policies, their evolution to more sophisticated and riskier strategies, and the consequences evinced during the financial crisis of 2008 and beyond. It traces the approaches to endowment investing and chronicles the rise and, …
Agencies And The Arts: The Dilemma Of Subsidizing Expression, Jennifer Weatherup
Agencies And The Arts: The Dilemma Of Subsidizing Expression, Jennifer Weatherup
Journal of the National Association of Administrative Law Judiciary
No abstract provided.
On The Need To Balance Endowments And Academic Integrity, Ahmed Souaiaia
On The Need To Balance Endowments And Academic Integrity, Ahmed Souaiaia
Ahmed E SOUAIAIA
As universities face revenues shortfalls due to national and global economic trends, administrators are forced to look for alternative funding streams. Some of the attractive options consist of creating satellite campuses in rich countries and accepting donors from individuals, corporations, and governments. What is the price of such new partnerships and what is the function of endowments for donors and the universities?
University Endowments: A (Surprisingly) Elusive Concept, Frances R. Hill
University Endowments: A (Surprisingly) Elusive Concept, Frances R. Hill
Articles
Even as certain policy makers press for mandatory payouts from endowments, the concept of an endowment remains surprisingly elusive. In the absence of either operational concepts of endowments or well-established metrics for identifying and measuring endowments, public policy discussions proceed with an implicit model of an endowment as "money in waiting" that is not currently in use for exempt educational purposes. This Article suggests that endowments, however conceptualized or measured, are better understood as "money in use" even though it is not being distributed. It argues that most endowment money is currently in use for at least two purposes. The …
The Coming Showdown Over University Endowments: Enlisting The Donors, Sarah E. Waldeck
The Coming Showdown Over University Endowments: Enlisting The Donors, Sarah E. Waldeck
Fordham Law Review
This Essay focuses on the discordance between universities with particularly large endowments and what is occurring in the rest of higher education, particularly with respect to skyrocketing tuition and a growing institutional wealth gap. The Essay considers absolute endowment values, the amount of endowment per student, and expense-endowment ratios at sixty private universities. It concludes that a small number of schools have an excess endowment, and then provides a convenient proxy for determining when an endowment is so large that it should receive less preferential tax treatment. The Essay then considers the effects that large endowments have at their home …
Taxing Endowment, Lawrence Zelenak
Annual Giving And Beyond: Acting Dean Terry Bethel Talks About The Law School's Development Program, Miriam Haber-Payne
Annual Giving And Beyond: Acting Dean Terry Bethel Talks About The Law School's Development Program, Miriam Haber-Payne
Terry Bethel (1990-1991 Acting)
No abstract provided.
Limitations On The Lobbying Of Section 501(C)(3) Organizations--A Choice For The Public Charities, James H. Nix
Limitations On The Lobbying Of Section 501(C)(3) Organizations--A Choice For The Public Charities, James H. Nix
West Virginia Law Review
No abstract provided.
Negligence--Liability Of Charitable Hospital--Insurance, B. A. G.
Negligence--Liability Of Charitable Hospital--Insurance, B. A. G.
West Virginia Law Review
No abstract provided.
Charities--Charitable Corporations--Liability For Torts, C. M. H.
Charities--Charitable Corporations--Liability For Torts, C. M. H.
West Virginia Law Review
No abstract provided.
Dedicatory Exercises Of The Law Quadrangle
Dedicatory Exercises Of The Law Quadrangle
About the Buildings
We have met here today specifically to dedicate Hutchins Hall, the last unit to be erected of a splendid group of buildings presented to the University by Mr. W. W. Cook. The buildings are beautiful, useful, and enduring, but taken altogether, with all that they are in themselves and all that they signify, they represent only one part of a comprehensive contribution to the educational resources of the University of Michigan. It is, therefore, both fitting and imperative that we should on this occasion consider carefully the significance of our whole heritage. Other persons today will speak of Mr. Cook's …
A Book Of The Law Quadrangle At The University Of Michigan, Fred Nathan
A Book Of The Law Quadrangle At The University Of Michigan, Fred Nathan
About the Buildings
William Wilson Cook ardently believed that the future of democratic institutions must depend in large measure upon the ability and integrity of the members of the legal profession. He hoped to improve the quality of the leadership provided by that profession by improving the law schools. As the immediate object of his philanthropy he chose his Alma Mater, The University of Michigan Law School. The Law Quadrangle is the physical embodiment of one aspect of his idea and marks a milestone in legal education. In making possible a close fellowship between lawyers, teachers, and students in an inspiring environment he …
A Book Of The Lawyers Quadrangle At The University Of Michigan
A Book Of The Lawyers Quadrangle At The University Of Michigan
About the Buildings
William W. Cook of the Class of '82, had a dream, and he lived in this dream from its inception until his death. It was to develop a great law school, housed in the most inspiring of buildings and devoted to the ideal of creating leaders of men. He often said, "Intellectual leadership is the greatest problem which faces America today; without leaders we perish." This he placed above all else. With these ideals in mind he proceeded with his work. Architects and artists were dispatched to centers of learning both here and abroad in order that the law school …