Monday, September 22, 2003

Council tightens rules on endowments



By Charles Wolfe
The Associated Press

HEBRON - Under new rules adopted Sunday, Kentucky's universities could no longer use federal grants to get matching money from the state's "Bucks for Brains" endowment funds.

The institutions also would be limited in the amount of endowment money that could be used for "mission support" - teaching assistants, class supplies and other items that, while mundane, are indispensable to teachers and researchers.

The rule changes adopted by the Council on Postsecondary Education were prompted by the criticisms or recommendations of state auditors and the General Assembly's permanent oversight committee.

Council member Ronald Greenberg of Louisville said some of the matching money has in the past been used for ordinary operations, not for pursuing top faculty.

The endowment match program, which started in 1998, was conceived as a way to pump some adrenaline into university research efforts. It gave the institutions a tool for recruiting top-flight teachers and researchers through endowed chairs, professorships and fellowships.

The legislature appropriated $120 million for endowment matches this year. The University of Kentucky gets $66.7 million and the University of Louisville gets $33.3 million. The six regional universities get the remaining $20 million.

Part of the concept of Bucks for Brains was that the institutions would go after more private money. Though that did happen, the rules also permitted them to put up other government funds for match purposes - using tax dollars to get more tax dollars.

Also Sunday, the council reported that fall enrollment at all campuses, public and private, is estimated at a record 226,910, which would be an increase of 5,728, or 2.6 percent, over 2002.

Official totals will not be known until January.




SPECIAL REPORT
Special bridge section
Do you drive on the bridge? Rate the 'Fear Factor'
Accident stats show big rigs get bad rap

LOCAL HEADLINES
Amos: Drive-thru justice
City hires outsource expert from P&G
As students read brochures, parents bemoan college costs
Rainy weather restrains West Nile
Butler County grandmother touches lives big and small
Miami strike deadline nears
Sycamore district nurses fledgling superintendents
Forest Hills has College Night
Grads buy Stewart school for $1.6M
Attendance a record for Chamber's Butler Expo
Couple found dead in shooting
Priest's 75th brings surprise
Door-to-door permits studied
Regional Report
Sunday's local news section

KENTUCKY/INDIANA
Teen hit in chest by ball dies at hospital
17 million Americans receiving treatments
Bush to help Fletcher
Police investigating death of 7-month-old
Lawsuit challenges Legislature
Council tightens rules on endowments
Indiana Gov.'s death raises questions about candidates' health
Teens left notes on arms before deaths

OBITUARIES
Designer Tony LaFata, 89, made clothing for celebrities
William C. Oldfield, 60, practiced law through his battle with cancer