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 Treasury Symposium 2009
Jaunuary 25-28, 2009
The Hilton St. Petersburg Bayfront
St. Petersburg, FL
Treasury Symposium is the premier educational forum for treasury professionals in higher education. The Treasury Institute for Higher Education leverages the expertise of its Partners, its Faculty, and its Participants to create an environment for sharing best ideas and developing successful strategies.
Click here for details
Click here to register now
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Second Research Paper on The Internal Bank
Co-authored by Jon Speare (of Commonfund), Chris Cowen and Linda Fan (of Prager Sealy & Co., LLC.)
The enclosed whitepaper represents current thinking on debt as a critical component to an organization's financial structure or "Internal Bank."
Although debt is not a panacea without risk, incorporating debt into the capital structure of a university offers a number of advantages.
- Debt allows institutions to plan and execute major capital programs on a systematic basis by providing a financing mechanism that spreads cash flows over longer periods of time.
- Debt allows institutions to plan and manage major capital projects without having to directly coordinate cash flows from gifts or other funding sources with individual projects.
- Debt imposes the financial discipline of building debt service requirements into the operating budget so that, over time, debt capital becomes a permanent financing source for future projects.
- Debt can provide access to a "low cost" source of funding.
Universities need to look at this side of capital with the same methods employed on the investment side; as a permanent component of the financial structure, with a portfolio approach and overseen with a well thought out policy.
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Straight Talk About Data Security
An article by Walt Conway and Dennis Reedy
This article is reprinted, with permission, from the December 2007 issue of Business Officer, published by NACUBO, Washington, D.C.
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PCI DSS Blog
The Treasury Institute has launched a new online tool to help you address PCI compliance: the PCI Blog. Please check it out at: http://www.treasuryinstitute.org/blog/
The Treasury Institute partnered with NACUBO to join the PCI Security Standards Council as a participating organization. This means that Higher Ed has a voice (and an ear) when the Council meets to set and review the PCI standards.
The Institute created the PCI Blog as part of this partnership. The blog will allow the Higher Ed community to share experiences while communicating questions and concerns that we need to take back to the PCI Council. As importantly, this blog will be a vehicle to communicate PCI Council news and developments to you and your institution.
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Cards at School
Why Banks View Campuses as High Risk Customers
An article from Walt Conway and Dennis Reedy
Published in AFP Exchange, March 2007
While PCI DSS applies to every organization that accepts payment cards, many education institutions have been slow to achieve campus-wide compliance. The situation is particularly unfortunate since education institutions – whether because of their open networks or inadequate security procedures – are particularly vulnerable to hacking and other compromises of confidential consumer data. As a result, financial institutions and card issuers increasingly view education institutions as risky merchants.
Please click here for article.
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PCI-DSS Resources
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Research Paper on The Internal Bank
Co authored by Jon Speare and David Hertan, Commonfund Strategic Treasury Solutions
The Internal Bank: The next opportunity in operating and non-endowment assets
This paper, the first in a series on the internal bank concept, focuses on enhanced management of limited-term assets and effective analytic tools to monitor these portfolios. Subsequent papers will address the liability side of the balance sheet and resource planning.
By integrating the components of its treasury operation into a single cohesive structure, a nonprofit complements the management of its long-term assets as it seeks -- consistent with sound risk management practices -- to maximize the organization’s net worth and support its mission.
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