[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR628.32]



[Page 277]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 628_ENDOWMENT CHALLENGE GRANT PROGRAM--Table of Contents

 

  Subpart D_How Does the Secretary Award an Endowment Challenge Grant?

 

Sec. 628.32  What funding priorities does the Secretary use in evaluating 

an application for an endowment challenge grant?



    In evaluating an endowment challenge grant application, the 

Secretary uses the following two priorities:

    (a) Recipient or former recipient of a grant under the Strengthening 

Institutions, Special Needs, Hispanic-Serving Institutions, 

Strengthening Historically Black Colleges and Universities, or 

Strengthening Historically Black Graduate Institutions Program. (Total: 

20 points) The Secretary gives 20 points to each applicant who on 

October 1 of the fiscal year in which the applicant is applying for an 

endowment challenge grant is a current recipient of a planning or 

development grant, or was a recipient of a planning or development grant 

within the five preceding fiscal years, under the Strengthening 

Institutions, Special Needs, Hispanic-Serving Institutions, 

Strengthening Historically Black Colleges and Universities, or 

Strengthening Historically Black Graduate Institutions Program.

    (b) Need for an endowment challenge grant as measured by the lack of 

endowment funds. (Total: 20 points)

    (1) The Secretary gives up to 20 total points to an applicant with 

the greatest need for an endowment challenge grant under this part, as 

measured by the applicant's lack of endowment funds.

    (2) The Secretary gives up to 20 points to the applicant with the 

lowest market value, at the end of the applicant's fiscal year preceding 

the year it applies for an endowment challenge grant, of its existing 

endowment and quasi-endowment fund in relation to the number of full-

time equivalent students enrolled at the institution in the fall of the 

year preceding the year it applies for an endowment challenge grant.

    (3) In measuring the applicant's need for an endowment challenge 

grant, the Secretary excludes real estate from being considered as part 

of the applicant's existing endowment or quasi-endowment fund.



(Approved by the Office of Management and Budget under control number 

1840-0531)



(Authority: 20 U.S.C. 1065)



[49 FR 28521, July 21, 1984, as amended at 52 FR 11258, Apr. 8, 1987; 58 

FR 11163, Feb. 23, 1993; 59 FR 46175, Sept. 7, 1994]