How does the education fund work?

Recently, I read that Su Shimin, the founder of Blackstone Group, donated 1 billion dollars to set up a scholarship in Tsinghua University. He plans to sponsor 200 students to study in China every year and build a new teaching building for the project in Tsinghua campus. How is this education fund managed and operated in China?

Denise

The earliest time for foreign individuals or organizations to donate to education in China can be traced back to 192 1. At that time, the Rockefeller Foundation invested in the establishment of Peking Union Medical College, and this donation was also one of the investment sources of the domestic education foundation.

At present, domestic universities generally set up educational foundations. By the end of July, 20 12, there were nearly 300 efficient education foundations officially registered in the Ministry of Civil Affairs or provincial civil affairs departments. The donors of the fund are generally alumni, related enterprises and social groups.

In addition to foreign individuals such as the founder of Blackstone, domestic enterprises and individuals are also donating more and more to education. For example, the total amount of data published by Tsinghua University Education Foundation exceeds 654.38+0 billion, of which the total amount of donations from domestic individuals exceeds 50 million, the total amount of donations from domestic legal persons and organizations exceeds 700 million, and the total amount of donations from overseas exceeds 200 million.

After accepting donations, the education foundation should spend money effectively on the one hand, and manage funds effectively on the other hand, so as to preserve and increase the value of the fund. According to the Regulations on the Management of Foundations, which came into effect in 2004, foundations can deposit their funds in financial institutions to collect interest, and they can also purchase bonds, stocks and other securities for reasonable capital operation. As the earliest education foundation, Tsinghua University Education Foundation has hired a professional management team, and its income ranks first among the foundations.

The investment of Tsinghua University Education Foundation is mainly divided into three categories: one is financial investment, such as bank wealth management products; Second, securities, such as stocks, strategic investment and additional issuance; The third is long-term investment, such as real estate assets. From 2005 to 2009, the average annual net return rate of Tsinghua University Education Foundation was about 10%.

In the United States, university education foundation is the main source of university funds. Most funds and mature market-oriented operation and management models employ professional investment companies to manage funds, and the investment income is usually higher than the general income.

Harvard University has the largest academic investment fund in the world, with an investment scale of more than $30 billion. Harvard education fund is specially managed by Harvard management company hmc. Since the establishment of 1947, the average return on investment of Harvard Fund Management Company has been 13.4%.

The style of foreign investment in education varies from school to school. This year, Harvard University paid more attention to the investment in anti-inflation assets, such as real estate and natural resources. Yale University and Princeton University prefer equity investment. However, the principle of fund arrangement in these universities is to pay attention to the long-term profitability of assets and the balance between income and risk of assets.