Endowment Transparency Act

Bill 118 s 2187, 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 projects that do not directly benefit students or support the educational mission of the institution. The Endowment Transparency Act aims to ensure that endowment funds are being used in a responsible and transparent manner, and that donors, students, and the public have access to information about how these funds are being managed. By increasing transparency and accountability, the bill seeks to promote good governance and stewardship of endowment funds in the higher education sector. Overall, the Endowment Transparency Act is a significant piece of legislation that seeks to address concerns about the management of endowment funds at educational institutions and promote greater transparency in the use of these funds.