معايير الاستدامة المالية للمؤسسات الوقفية : أوقاف جامعة هارفرد نموذجا

الملخص EN

This study seeks to focus on Harvard University’s endowment, which represents the best Western model of university endowments because of its management and its investment methodologies.

Without a doubt, the approach adopted by the University during the last decade was very clear, especially in the field of protection of its endowment assets, reduction of the expected losses in the endowment’s investments of its assets, and its exceptional ability to attract new waqf assets and donations.

To discuss this experience, we will look at the financial sustainability criteria adopted by the University to preserve its endowment assets and its manner of dealing with the risks that beset them.

It has in fact suffered several investment losses in its endowment assets, based on the annual financial reports issued by the company that manages the investments.

The governance structure adopted by the University in the areas of transparency, governance, and internal and external control of its financial assets will be discussed.

American universities have benefited from legislation in support of the phenomenon of endowments for the benefit of university education.

The study will be limited to Harvard University while also discussing the practical factors that led to the very visible rise of the educational endowment phenomenon in the American university sector in the last two decades.

This is approached through two subtopics.

The first comprises the most prominent indicators of financial safety of endowment entities.

The second is Harvard University’s endowment as a model for financial sustainability.