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The University of Illinois slush fund scandal was an incident in which the athletic program at the University of Illinois at Urbana–Champaign was investigated and punished for paying players in violation of both NCAA and Big Ten Conference rules from 1962 until its exposure in December 1966. [1]
The National Association of College and University Business Officers (NACUBO) maintains information on endowments at U.S. higher education institutions by fiscal year (FY). [1] As of FY2024 [update] , the total endowment market value of U.S. institutions stood at $837.720 billion, with an average across all institutions of $1.322 billion and a ...
SURS has been developing its investment program since the early 1980s, when Illinois, like many other states, changed its laws to allow the state pension funds to adopt modern investment practices. At the same time, the new laws established a high standard of fiduciary responsibility, namely adopting the prudent expert rule.
Not the University of Chicago, Northwestern University or the University of Illinois at Urbana-Champaign. No, the best college in the state is the Illinois Institute of Technology, of course!
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529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...