International experience in developing the financial resources of universities / / Abdulrahman Obaid AI-Youbi, Adnan Hamza Mohammad Zahed, Abdullah Atalar, editors.

• TeilnehmendeR: AI-Youbi, Abdulrahman Obaid.; Zahed, Adnan.; Atalar, Abdullah.
• Year of Publication: 2021
• Language: English
• Physical Description: 1 online resource (xviii, 124 pages) :; illustrations (chiefly color)

This open access book aims to present the experiences and visions of several world university leaders, providing strategies and methods used to find various income sources for their institutions. The expansion of a university system requires a corresponding increase in funding. Consequently, university administrators all over the world are in a constant search for additional funds. If higher-level institutions are expected to deliver high-quality education and research, their sustainable funding is crucial to the development of the countries they serve. While governmental sources are a major part of the funding of most universities, economic downturns as in the case of the COVID-19 crisis may reduce governmental contributions in this and cause administrators to look for various alternative sources to help them compete in a global setting. This book offers valuable information and guidance to university leaders and administrators worldwide especially at a time when university budgets are under stress due to the COVID-19 pandemic with its dire financial and economic consequences.

Table of Contents

Intro -- Introduction -- References -- Contents -- Editors and Contributors -- 1 King Abdulaziz University Approach to Develop Financial Resources -- 1 Introduction -- 2 The Current Status of KAU, Its Financial Resources, and Its Need for Other Resources -- 3 Investment Management in KAU -- 4 General Administration for Self Resources -- 5 The Deanship of Community Services and Continuing Education -- 6 Research and Consulting Institute (RACI) -- 6.1 Scientific Chairs -- 6.2 Central Laboratories -- 6.3 Contractual Researches -- 6.4 Consultations

6.5 Educational, Academic and Training Supervision -- 6.6 Expertise Houses -- 7 KAU Research Endowment Fund -- 8 Wadi Jeddah Company -- 8.1 Wadi Jeddah Ventures Fund -- 8.2 Manarat Al-Maarifa -- 8.3 Kindasa Water Services Project -- 8.4 The Molecular Imaging Company, I-ONE -- 8.5 Montalqat Advanced Company for Communication and Information Technology -- 8.6 Clinical Research Organization (CRO) -- 8.7 Knowledge Medical Village Company -- 8.8 Saudi Alliance for Development of Education and Training-Safea -- 8.9 Jeddah International Academy -- 8.10 Jeddah Advanced Driving School

8.11 SAFEA Knowledge Institute for Training -- 9 Research Excellence Centers -- 10 Center of Creativity and Entrepreneurship -- 10.1 Business Incubators -- 10.2 Business Accelerators -- 11 Knowledge Economy and Technology Transfer Center -- 12 Technology Transfer by Marketing the University Research Outputs and Patents -- 13 Future Projects -- 14 Post-Coronavirus Pandemic University Funding -- 15 Conclusion -- References -- 2 Monetizing and Growing the Assets of Higher Education Institutions -- 1 Introduction -- 2 Higher Education Institutions as Economic Entities

2.1 Assets-What They Consist of -- 2.2 Monetizing Assets-What Organizations Do with Their Assets -- 2.3 Tracking Asset Monetization-Financial Reports and Their Limits -- 3 The Six Asset Monetization Tactics of Higher Education Institutions -- 3.1 "Wringing Out" Resources to Invest: Liquidation, Cost Reduction, and Efficiency Promotion -- 3.1.1 Cost Reductions to Balance the Budget -- 3.1.2 Costs Incurred as Well as Costs Saved by Economizing -- 3.1.3 Future Look: Closer Ties to Investments and More "Routine" Cost Controls -- 3.2 "Borrowing" Resources to Invest: Acquiring and Restructuring Debt

3.2.1 Borrowing to Survive Versus Borrowing to Thrive -- 3.2.2 Future Look: Making Debt a Part of More Complex Transactions -- 3.3 "Trading" Resources to Invest: Joint Ventures and Public Private Partnerships -- 3.3.1 Trading to Enhance HEI Value -- 3.3.2 The Role of Incentives in Long Term Trades -- 3.3.3 Future Look: Moving Toward Core Academic Assets -- 3.4 "Soliciting" Resources to Invest: Gifts, Grants, Endowments -- 3.4.1 The Cost of "Free Money" -- 3.4.2 Potential Donors as HEI Assets -- 3.4.3 Gifts to Endowments Versus Current Operations -- 3.4.4 Future Look: New Competitors, New Business Models, Old Uses