Endowment Transparency Act

Bill 118 hr 4405, also known as the Endowment Transparency Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to increase transparency and accountability in the management of endowment funds held by educational institutions.

The bill requires educational institutions with endowment funds exceeding $1 billion to disclose detailed information about their endowment investments, spending, and management practices. This information must be made publicly available on the institution's website in a clear and accessible format.

Additionally, the bill mandates that educational institutions report on the use of endowment funds for purposes other than the intended mission of the institution. This includes any spending on non-academic activities or administrative expenses. The Endowment Transparency Act aims to ensure that endowment funds are being used in a responsible and efficient manner to support the educational mission of the institution. By increasing transparency and accountability, the bill seeks to protect the interests of students, donors, and the public. Overall, the Endowment Transparency Act is a significant piece of legislation that seeks to promote good governance and financial stewardship in the management of endowment funds by educational institutions.