Formation of target capital by non-profit organizations

2014 ◽  
Vol 8 (9) ◽  
pp. 65-80
Author(s):  
Елена Бокарева ◽  
Elena Bokareva ◽  
Елена Егорова ◽  
Elena Egorova ◽  
Анна Леонова ◽  
...  
Keyword(s):  
Higher Education ◽  
Staff Development ◽  
Development Strategy ◽  
Public Awareness ◽  
Public Funding ◽  
Clear Understanding ◽  
Non Profit ◽  
Higher Education System ◽  
Non Profit Organizations

Russian education is undergoing serious changes, especially with respect to higher education. Today, both the state and science expect from universities a high level of service quality and independence in the choice of development strategy. In modern conditions, the university may not be effective, relying only on public funding. That is why for universities in Russia in the near future it is necessary to solve a question of finding additional funding sources, one of which is an increasingly popular mechanism of endowment funds. The relevance of the Endowment Funds for the higher education system is that they allow to accumulate financial resources and ensure the stable development of the universities in the long run. The article presents the results of investigation of the essence and methods of development of the financial mechanism of attraction and use of target capital. To achieve this goal, the following objectives form the structure of this article: a review of the history of the Endowment Funds; a market research of endowment funds in Russia; an analysis and evaluation of public awareness of Endowment Funds. Legislation in many countries stimulates the creation of the target capital, which is the source of income going to the financing of the non-profit sector as a non-profit organization forms an endowment, receives a stable and long-term source of funding for its activities. In addition, the target capital is a significantly more transparent model for donors, compared with the current or one-time funding to provide the ability to control of decision-making. The availability of endowment allows partial independence of non-profit organizations from one-time and sporadic donations, plan their activities in the long term. For non-profit organizations target capital means the ability to finance various projects and programs, professorships (for high schools), construction / renovation of buildings, staff development, etc. The availability of endowment informs that the organization is able to plan its activities for at least the next few years, which indicates a clear understanding by the employees of a nonprofit organization its mission and objectives.

scholarly journals Countryís Competitiveness and Sustainability in the Context of the Higher Education System Reforms

2013 ◽  
Vol 15 (1) ◽  
pp. 73-83 ◽  
Author(s):  
Elita Jermolajeva ◽  
Ludmila Aleksejeva
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Education Reform ◽  
Education System ◽  
Global Economy ◽  
Middle Term ◽  
Higher Education System ◽  
National Economic ◽  
Quantitative Indicators

Abstract The accumulation of knowledge and its use have become important factors that promote economic development as they contribute to a countryís competitiveness in the global economy. The basic significance of research is obtained by defining new approaches in the organisation, function and efficiency of the higher education system (HES) by emphasising its qualitative aspects. The aim of the article is to describe the influence of education reform on economic competitiveness, paying a special attention to analysing and evaluating international experiences from an interdisciplinary perspective, including economics, pedagogy, etc. Quantitative indicators are used to characterise specific features of the HES and the interaction of this system in the overall context of state development. Some aspects of the Latvian HES are also analysed. The economic activity of inhabitants often directly depends on their level of education. In order to reorganise the Latvian HES and increase its competitiveness and efficiency, thus ensuring quality and availability, the Latvian education system must define a middle-term (4ñ5 years) and long-term (10ñ15 years) development plan that is coordinated with national economic development.

scholarly journals FEATURES OF RESULT BASED FINANCING HIGHER EDUCATION

THE BULLETIN ◽  
2021 ◽  
Vol 2 (390) ◽  
pp. 50-57
Author(s):  
Iryna Kalenyuk ◽  
Olena Grishnova ◽  
Liudmyla Tsymbal ◽  
Deniss Djakons
Keyword(s):  
Higher Education ◽  
Education System ◽  
Higher Education Institutions ◽  
Knowledge Society ◽  
Public Funding ◽  
Negative Consequences ◽  
Financial Flows ◽  
Higher Education System ◽  
The World ◽  
Financing Higher Education

The key role of the education system in the formation of a knowledge society is raising the issue of improving its financing. In the face of new challenges and aggravation of global competition, the mechanism for financing the higher education system is being transformed. The need to increase funding is manifested in expanding financial sources and improving the management of various financial flows. Increasing the effectiveness of public funding is becoming an important issue, which remains the main source of financial revenues for institutions of higher education in countries of the world. A promising practice in the world is the use of funding based on the results of activity, which is becoming more widespread in various areas of economic activity. The purpose of this article is to study the current world-wide practice of applying results-based financing of higher education and defining promising directions for its implementation in Ukraine. The essence and features of RBF - Result Based Financing (RBF) method, including in the system of higher education, are revealed. The existing approaches to financing higher education institutions in the world based on results are systematized, the main criteria for their definition are identified: on the basis of inputs, process, output, output. The world practice of using higher education institutions financing based on the results, positive and negative consequences of its implementation is highlighted and summarized. The necessity of using RBF funding in the system of native education is proved, the main directions and areas of its use are determined. The application of a two-tier model of financing higher education institutions in Ukraine is proposed, which combines the traditional cost-oriented approach and funding based on the results of the activity.

Are national higher education policies adequate for the next decade?

2012 ◽  
Author(s):  
Paul Clark
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Education System ◽  
Education Policies ◽  
Large Measure ◽  
Higher Education System ◽  
Higher Education Policies ◽  
National Economic ◽  
The Uk

The period since the election in May 2010 has seen a number of very far-reaching reforms enacted in the higher education system in the UK, and especially England. These have been driven in large measure by the economic situation, but also by the aim to introduce a more market-based approach into the sector. At the same time, the higher education system faces a number of long-term challenges, particularly in terms of how it can best contribute to much-needed regional and national economic growth. This article first summarises the reforms which have been put in place and some of the factors driving them; next goes on to set out the long-term challenges which the sector will need to address; and finally assesses whether the policy platform established through the government's reforms is likely to help or hinder the achievement of the sector's (and the country's) strategic aims.

Environmental Threat II

2017 ◽  
Author(s):  
Robert B. Archibald
Keyword(s):  
Higher Education ◽  
Private Colleges ◽  
Public Universities ◽  
Public Funding ◽  
Public Institutions ◽  
Higher Education System ◽  
Environmental Threat ◽  
State Appropriation ◽  
State Budgets ◽  
Real Value

Changes in public funding of higher education have affected cost, price, and access. State budgets have become more volatile in recent years, and this has increased budget uncertainty for public institutions. In addition, the real value of state appropriation has trended downward in most states for many years. Public universities continue to fall further behind selective private competitors in spending per student. Falling quality at many public universities affects time to graduation and graduation rates, and the burden falls disproportionately on less-well-off students. We risk a bifurcation of our higher education system into well-funded selective private colleges and a less selective underfunded public sector that serves the bulk of the nation’s most vulnerable students.

Addressing tent cities: an example of police/non-profit collaboration

2019 ◽  
Vol 42 (5) ◽  
pp. 931-943
Author(s):  
Brittany Solensten ◽  
Dale Willits
Keyword(s):  
Law Enforcement ◽  
Police Officers ◽  
Qualitative Interviews ◽  
Police Department ◽  
Small Sample ◽  
Content Type ◽  
Non Profit ◽  
Non Profit Organizations ◽  
The City

Purpose The purpose of this paper is to examine a collaborative relationship between non-profit organizations and a Midwest police department to address issues of poverty and homelessness. Design/methodology/approach Qualitative interviews were conducted with five non-profit organization workers along with three police officers about social problems in the city between September and December of 2017. Findings The collaboration between non-profit organizations and law enforcement was largely helpful and successful in integrating residents of tent city into existing housing programs within the city, limiting future law enforcement calls addressing latent homelessness issues. Research limitations/implications This qualitative study was exploratory in nature and data were drawn from a single city. Although key stakeholders were interviewed, results are based on a small sample of police and non-profit social service workers. Also, individuals who lived in the tent city were not interviewed. Practical implications This study demonstrates how an approach in addressing tent cities through non-profit organizations and law enforcement collaboration are arguably effective in humanely moving residents of tent cities into housing for a long-term solution to homelessness. Originality/value There is limited research about tent cities especially the long-term effectiveness of dismantling them with various methods. This paper demonstrates one city’s approach to combat homelessness by dismantling a tent city, with a follow-up a few years later showing the effectiveness of a more humane approach, which can set an example for future cities also combating homelessness.

The impact of accounting regulation on non-profit revenue recognition

2019 ◽  
Vol 20 (2) ◽  
pp. 190-206 ◽  
Author(s):  
Charles A. Barragato
Keyword(s):  
Information Content ◽  
Balance Sheet ◽  
Accounting Standards ◽  
Financial Accounting ◽  
Future Research ◽  
Content Type ◽  
Non Profit ◽  
Non Profit Organizations ◽  
The Impact

Purpose The purpose of this paper is to examine the requirement that non-profit organizations recognize unconditional promises to give as assets and revenues in the year promises are received as mandated by Statement of Financial Accounting Standards (SFAS) No. 116. Design/methodology/approach Using the adoption of SFAS No. 116 and financial information reported on Internal Revenue Service Form 990, the study examines the requirement that non-profit organizations recognize unconditional promises to give as assets and revenues in the year promises are received. Combining insights derived from a model developed by Dechow, Kothari and Watts (1998) with the rationale applied by the Financial Accounting Standards Board (FASB) in mandating recognition treatment, it adopts the view that information about promises to give is relevant if it useful in assessing probable future cash inflows. The study also employs relative tests of predictive ability to assess competing specifications. Findings The study finds that recognizing unconditional promises to give as assets and as revenues in the year received improves predictions of next period’s cash inflows. It also finds that accrual-based contribution revenue consistently provides information content that is incremental to cash-based contribution revenue. Research limitations/implications This paper has implications for several other lines of research as well. First, an ancillary concern expressed by many organizations in the non-profit sector was that the recognition of multi-year promises to give would adversely affect trends in long-term giving. In this regard, another promising line of inquiry would be to empirically test the Standard’s impact on the time-series properties of contributions and short- and long-term giving trends. Second, future research might consider conducting tests after partitioning by NTEE/NAICS classification, as well as substituting or supplementing the SOI data with financial statement data. Third, future research might consider applying the approach used in this study to other industries or groups for which market prices are not readily ascertainable. Data constraints, including the calculation of cash flow information indirectly from the balance sheet, impose limitations on this study. Practical implications This study documents that by recognizing unconditional promises to give as assets and revenues in the period received, donors, creditors and other users gain useful information about probable future cash inflows – a fundamental element of the accrual process and one of several important factors used to evaluate an organization’s ability to sustain future operations. This information is valuable to stakeholders and practitioners who rely on this information to make informed decisions. It is also helpful to standard setters in establishing guidelines that improve the usefulness of financial reporting for non-profits. Originality/value The paper contributes to existing literature by operationalizing, in a non-profit setting, a model that describes the relationship among revenues, accruals and cash flows. It fills a gap in the accrual literature regarding the relevance of non-profit revenue accruals. The study is the first to employ a relative information content approach to assess non-profit standards, which provides useful input to policy makers and end users. It affirms that many of the key conventions and elements embodied in the FASB Concepts Statements apply to non-profits as well, which heretofore has not been studied extensively. The results are also consistent with Accounting Standards Update 958, Not-for-Profit Entities, which requires that non-profits provide users with information about liquidity, including how they manage liquid resources needed to meet cash requirements for general expenditures within one year of the date of the statement of financial position.

Od publicznego rozumienia nauki do komunikacji naukowej. Uwarunkowania rozwoju komunikacji naukowej w Polsce

2017 ◽  
Vol 15 (15) ◽  
pp. 33-50
Author(s):  
Sylwia Mrozowska
Keyword(s):  
Higher Education ◽  
Development Strategy ◽  
Scientific Communication ◽  
Public Understanding Of Science ◽  
Public Understanding ◽  
Scientific Policy ◽  
Research Results ◽  
Higher Education System ◽  
Understanding Of Science

This article is devoted to selected aspects of scientific communication in Poland. Its aim is to draw attention to the role of scientific communication in public understanding of science and to indicate the most important determinants of the development of scientific communication in Poland. It is assumed in the article that scientific communication and the popularization of research results are activities undertaken by scientists, science units and entities acting for the benefit of science in specific systemic, financial, legal or political conditions. Therefore, in order to assess the determinants of the development of scientific communication in a given country it is necessary, first of all, to get know the conditions in which it takes place. An institutional-legal analysis was used to prove this thesis. In the first, descriptive part of the article the history of the development of public understanding of science and its relationship with the development of scientific communication are mentioned, the second, research part refers to the results of the analysis of basic legal acts and available data in the scope of: the place and role of scientific communication in Polish scientific policy, including the present state of the higher education system and the solutions proposed in the reform of higher education prepared by the Ministry of Science and Higher Education; the place and role of popularization of research results in the development strategy of a scientific unit on the example of the University of Gdańsk and university/researcher's obligations in the field of scientific communication towards research funding institutions.

scholarly journals Brazil’s For-Profit Higher Education Dilemma

2017 ◽  
pp. 23
Author(s):  
Marcelo Knobel ◽  
Robert Verhine
Keyword(s):  
Higher Education ◽  
Public Sector ◽  
Private Sector ◽  
Education System ◽  
Higher Education System ◽  
For Profit ◽  
Financial Gain ◽  
Current Trends ◽  
International Investors

Brazil's higher education system is characterized by a relatively small public sector, focused on research-intensive universities, and a huge private sector, which has grown continually since the 1970s due to burgeoning demand. The private sector is now dominated by for-profit institutions which, by definition, seek immediate financial gain rather than the long-term public good. In this article, we discuss current trends with respect to for-profit institutions, giving special attention to the recent creation of mega-establishments through a series of mergers involving both national and international investors. We close by warning of some of the negative implications potentially associated with the country’s dependence on for-profit higher education.

scholarly journals HOKKAIDO UNIVERSITY: AMBITIONS AND GOALS

2021 ◽  
pp. 118-124
Author(s):  
V.S. Akimova ◽  
◽  
S.S. Atlasova ◽  
K.E. Ershova
Keyword(s):  
Higher Education ◽  
21St Century ◽  
Raw Materials ◽  
Higher Education System ◽  
Diffi Cult ◽  
The World ◽  
History Of ◽  
The Government ◽  
The University

Japan is a developing country but is getting diffi cult to hold in leadership 21st century. The domestic lack of raw materials fosters the government to count on competitive power of science and the higher education system. Japanese system of higher education must become demanded in the world. The history of Hokkaido University, the oldest institution in the country and is being modernized at present, is reviewed. It is noted that various mid-term and long-term measures have been developed and implemented. The university partakes in diff erent activities to raise the university international rating.

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