The "2022 NACUBO-TIAA Study of Endowments" (NTSE) provides the most comprehensive analysis of endowment investment returns, asset allocations, and governance policies and practices at hundreds of U.S. higher education institutions and affiliated foundations. The report provides extensive data to help institutions evaluate their…

Objective/Research Question: Many localities have implemented promise programs, which cover tuition for students to attend college based on residency criteria. These "free college" programs have been shown to increase student enrollment, creating the need for additional institutional resources to support student graduation. We analyzed…

Pupil premium is a direct grant paid to state-funded schools in England which aims to raise the attainment of disadvantaged pupils aged 5-16. As disruption to learning during the COVID-19 pandemic had a greater impact on disadvantaged pupils, the recovery premium grant was introduced in 2021 to help address this. Recovery premium funding finished…

This paper examines the financial transparency and accountability practices before and after the 2023 state takeover of the Houston Independent School District (HISD). Superintendent Mike Miles and his Board of Managers reallocated critical district resources towards troubling new "priorities," while the district was facing a sizable…

Purpose: This article reports on a study that explored how the Tanzanian government can support the development of research-intensive universities in its higher education system. Design/methodology/approach: Data were collected through document analysis and in-depth semi-structured interviews with participants obtained from national higher…

The global higher education landscape has witnessed an increasing trend towards internationalisation in recent years; hence the demand for funding such endeavours has grown significantly. However, funding internationalisation efforts can be a challenging task for institutions. This review discusses various funding models for higher education…

Monitoring of research performance, especially performance-based allocation of research funding inevitably creates intended and unintended incentives for universities. In this article, we study if monitoring performance acts as an incentive for improved research performance by scrutinizing the development of two essential indicators of Finnish…

Managing school finances by school governing bodies (SGBs) in South African secondary schools has proven to be a challenge that has several negative consequences for education, infrastructure, and other resources. The purpose of this article was to assess the efficiency of financial management systems (FMSs) in selected schools in the Amathole…

Background: The Every Student Succeeds Act (ESSA; 2015) constituted a reauthorization of the 1965 Elementary and Secondary Education Act (ESEA) and replaced the No Child Left Behind Act (NCLB) of 2001. ESSA, although still recognizing the need of standardized testing, diverged from NCLB by transferring a significant amount of power over…

This study applies resource dependence theory to address the question of how the critical resource dependence relationship emerges in the context of a university's performance agreement. This study focuses on two Nordic universities that have adopted performance agreements while simultaneously using strong performance-based state funding. Resource…

Between March 2020 and March 2021, Congress allocated $189.5 billion for a new Elementary and Secondary School Emergency Relief (ESSER) Fund. The arrival of this federal aid was a lifeline for schools attempting to serve students amid the COVID-19 pandemic. This funding was distributed in a very different manner, and with very different rules and…

The study investigates the effectiveness of intergovernmental fiscal transfers for reducing educational inequality in Indonesia. Using panel data of 34 provinces of Indonesia from 2011 to 2019, this study examines how intergovernmental fiscal transfers, namely, the General Allocation Fund (DAU), Special Allocation Fund (DAK), and School…

In an effort to reduce state spending on special education in public schools, New Jersey moved to census-based funding as part of the new school funding formula, the School Funding Reform Act (SFRA), adopted in 2008. The census approach funds all districts using the statewide average classification rate and a statewide average "excess…

State funding for public higher education institutions is crucial in supporting college access and completion, particularly among students from historically under-represented groups, yet little is known about the mechanisms that states use to allocate funds and how they are affected by financial challenges. This article provides the first detailed…

Equitable school funding is key to achieving overall educational fairness. Successful state education finance reform advocates must address the causes of funding inequity and create solutions that consider the effects of changes from different perspectives. "Designing Change: A Toolkit for State Education Finance Reform" gives advocates…