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95-642: Garden School is a co-educational independent school in East Elmhurst and Jackson Heights , Queens , New York City offering a K-12 education. Garden School was founded in 1923, taking its name from the newly conceived garden apartment complexes in the then-rural community of Jackson Heights . The first classes were grades K–3 and met in the Laburnum Court Apartments under the guidance of Dorothy Gleen, Charles Townshend, and Josephine Wech. In 1925, grades 4–6 were added as John Bosworth Laing became

190-574: A nonprofit corporation , a charitable foundation , or a private foundation that, while serving a good cause, might not qualify as a public charity. In some jurisdictions, it is common for endowed funds to be established as a trust independent of the organizations and the causes the endowment is meant to serve. Institutions that commonly manage endowments include academic institutions (e.g., colleges , universities , and private schools ); cultural institutions (e.g., museums, libraries, and theaters); service organizations (e.g., hospitals, retirement homes;

285-511: A 30% annualized loss that was more than predicted in December 2008. At Stanford University , the endowment was reduced from $ 17 billion to $ 12 billion as of September 2009. Brown University 's endowment fell 27 percent to $ 2.04 billion in the fiscal year that ended June 30, 2009. George Washington University lost 18% in that same fiscal year, down to $ 1.08 billion. In Canada, after the financial crisis in 2008, University of Toronto reported

380-648: A Japanese school and a German school. Chinese schools were being founded by the ethnic Chinese in Malaysia as early as the 19th century. They provide secondary education in the Chinese language as the continuation of the primary education in Chinese national-type primary schools. The main medium of instruction in these schools is Mandarin Chinese using simplified Chinese characters . Being private schools, Chinese independent high schools do not receive consistent funding from

475-412: A board of governors and have a system of governance that ensures their independent operation. Private schools retain the right to select their students and are funded in whole or in part by charging their students for tuition , rather than relying on taxation through public (government) funding; at some private schools students may be eligible for a scholarship, lowering this tuition fee, dependent on

570-448: A building, plot of land or other assets for Muslim religious or charitable purposes with no intention of reclaiming the assets. The donated assets may be held by a charitable trust . Ibn Umar reported, Umar Ibn Al-Khattab got land in Khaybar , so he came to the prophet Muhammad and asked him to advise him about it. The Prophet said, 'If you like, make the property inalienable and give

665-672: A certain minimum education; Irish state subsidised fee-charging schools must still work towards the Junior Certificate and the Leaving Certificate , for example. The single fee-charging secondary school in Ireland which receives no state funding, the Nord Anglia International School Dublin , does not have to undergo the state supervision which all the other fee-charging schools undergo. Students there also sit

760-413: A fee-charging school wishes to employ extra teachers they are paid for with school fees, which tend to be relatively low in Ireland compared to the rest of the world. Because state funding plays a fundamental role in the finances of all but one fee-charging school, they must undergo similar state inspection to non-fee-charging schools. This is due to the requirement that the state ensure that children receive

855-419: A loss of 31% ($ 545 million) of its previous year-end value in 2009. The loss is attributed to over-investment in hedge funds. Critics like Justice Funders' Dana Kawaoka-Chen call for "redistributing all aspects of well-being, democratizing power, and shifting economic control to communities.". Endowment repatriation refers to campaigns that acknowledge the history of human and natural resource exploitation that

950-616: A man dies, only three deeds will survive him: continuing alms, profitable knowledge and a child praying for him. The two oldest known waqfiya (deed) documents are from the 9th century, while a third one dates from the early 10th century, all three within the Abbasid Period. The oldest dated waqfiya goes back to 876 CE, concerns a multi-volume Qur'an edition and is held by the Turkish and Islamic Arts Museum in Istanbul . A possibly older waqfiya

1045-583: A mandatory part of a fellowship. A foundation (also a charitable foundation) is a category of nonprofit organization or charitable trust that will typically provide funding and support for other charitable organizations through grants, but may engage directly in charitable activities. Foundations include public charitable foundations, such as community foundations , and private foundations which are typically endowed by an individual or family. The term foundation though may also be used by organizations not involved in public grant-making. A financial endowment

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1140-403: A more accurate distinction is between fee-charging schools and non-fee-charging schools. This is because approximately 85% of all schools are private schools ( Irish : scoil phríobháideach ) by virtue of not being owned by the state. The Roman Catholic Church is the largest owner of schools in Ireland, with other religious institutions owning the remaining private schools. Nevertheless, despite

1235-468: A number of restricted endowments that are intended to fund specific areas within the institution. The most common examples are endowed professorships (also known as named chairs), and endowed scholarships or fellowships. The practice of endowing professorships began in the modern European university system in England on September 8, 1502, when Lady Margaret Beaufort , Countess of Richmond and grandmother to

1330-429: A particular subject are common; in some places, a donor could fund a trust exclusively for the support of a pet. Ignoring the restriction is called " invading " the endowment. But change of circumstance or financial duress like bankruptcy can preclude carrying out the donor's intent. A court can alter the use of restricted endowment under a doctrine called cy-près meaning to find an alternative "as near as possible" to

1425-450: A permanent trust fund that would address the needs of the private education sector in the country. In Portugal, private schools were traditionally set up by foreign expatriates and diplomats in order to cater for their educational needs. Portuguese-speaking private schools are widespread across Portugal's main cities. International private schools are mainly concentrated in and around Lisbon , Porto , Braga , Coimbra and Covilhã , across

1520-451: A portion of the initial endowment after self-initiated research into the foundation's financial support of Native and Indigenous artists and communities. This results of this research indicated "the inadequacy of philanthropic support for Native arts and artists", related feedback from an unnamed Native leader that "[o]nce [big foundations] put the stuff in place for an Indian program, then it is not usually funded very well. It lasts as long as

1615-452: A prince or monarch and their role in training government officials made early Mediterranean universities similar to Islamic madrasas , although madrasas were generally smaller, and individual teachers, rather than the madrasa itself, granted the license or degree. Waqf ( Arabic : وَقْف ; [ˈwɑqf] ), also known as 'hubous' (حُبوس) or mortmain property, is a similar concept from Islamic law , which typically involves donating

1710-471: A private prison that was directly contrary to the foundation's mission, they developed and then began to advocate for a four-part ethical framework to endowment investments conceptualized as Human Capital, Natural Capital, Civic Capital, and Financial Capital. Another example is the Ford Foundation 's co-founding of the independent Native Arts and Culture Foundation in 2007. The Ford Foundation provided

1805-846: A public school refers to membership of the Headmasters' and Headmistresses' Conference , and this includes many independent grammar schools . The term 'public school' historically meant that the school was open to the public (as opposed to private tutors or the school being in private ownership). Many private schools actively compete with prestigious state schools (including state grammar schools and single sex schools ) in academic achievements. There are many old, world-renowned institutions in England that served as inspiration for most schools of their type abroad. These schools include Winchester College , Eton College , St Paul's School , Harrow School , Westminster School , and Rugby School . The Independent Schools Inspectorate regularly publishes reports on

1900-462: A religious affiliation, the precise use of the term excludes parochial (and other) schools if there is a financial dependence upon, or governance subordinate to, outside organizations. These definitions generally apply equally to both primary and secondary education . In the United Kingdom and several other Commonwealth countries including Australia, Canada and New Zealand the use of the term

1995-507: A report by Geeta Gandhi Kingdon entitled: The Emptying of Public Schools and Growth of Private Schools in India , it is said that for sensible education-policy making, it is vital to take account of the various changing trends in the size of the private and public schooling sectors in India. Ignoring these trends involves the risk of poor policies/legislation, with adverse effects on children's education. A lot of criticism towards Iranian government

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2090-447: A revenue of US$ 450 million in 2008, but is projected to be a US$ 40 billion market. Although there are private schools in India, they are highly regulated in terms of what they can teach, in what form they can operate (must be a non-profit to run any accredited educational institution) and all the other aspects of the operation. Hence, the differentiation between government schools and private schools can be misleading. However, in

2185-455: A science high school. The Fund for Assistance to Private Education (FAPE) is a perpetual trust fund for private education created by Executive Order № 156 s. 1968 and amended by Executive Order № 150 s. 1994. FAPE was created on November 5, 1968 by Executive Order No. 156, in implementation of the project agreement between the Philippine and United States governments to establish

2280-506: A state school, e.g. they must teach the state curriculum, they must employ registered teachers, and they can not charge tuition fees (they can charge "attendance dues" for the upkeep on the still-private school land and buildings). The largest decline in private school numbers occurred between 1979 and 1984, when the nation's then-private Catholic school system integrated. As a result, private schools in New Zealand are now largely restricted to

2375-497: A student's talents or abilities (e.g., sports scholarship, art scholarship, academic scholarship), need for financial aid, or tax credit scholarships that might be available. Roughly one in 10 U.S. families have chosen to enroll their children in private school for the past century. Some private schools are associated with a particular religious denomination or religion , such as Roman Catholicism , various branches of Protestantism or Judaism . Although private schools may have

2470-655: Is The King’s School , founded in 1831. Catholic schools form the second-largest sector after government schools, with around 21% of secondary enrolments. Catholic schools, typically have a strong religious focus and usually most of the staff and students are Catholic. In 1999, 5.6% of Canadian students were enrolled in private schools, some of which are religious or faith-based schools, including Christian, Jewish, and Islamic schools. Some private schools in Canada are considered world-class, especially some boarding schools. Private schools have sometimes been controversial, with some in

2565-648: Is a papyrus held by the Louvre Museum in Paris , with no written date but considered to be from the mid-9th century. The earliest known waqf in Egypt, founded by financial official Abū Bakr Muḥammad bin Ali al-Madhara'i in 919 (during the Abbasid period ), is a pond called Birkat Ḥabash together with its surrounding orchards, whose revenue was to be used to operate a hydraulic complex and feed

2660-469: Is any for which the facilities and funding are not provided by the federal, state or local government, as opposed to a public school, which is operated by the government - or in the case of charter schools , independently with government funding and regulation. A majority of private schools in the United States are operated by religious institutions and organizations. In practice, the term "private school"

2755-412: Is because of large gap of University entrance Exam success between public and private school students, number private school growth has seen a 15% growth dominating Iranian education sector. there is a rise of "luxury" schools. Studying for one year term in private schools may cost 50 million as of July 2023. In Ireland, the internationally recognised definition of "private school" is misleading and

2850-470: Is commonly used to denote a non-sectarian school, whereas "church school", "Christian school", and (for Catholic institutions) "parochial school" are used to denote sectarian ones. Independent schools in the United States educate a tiny fraction of the school-age population (slightly over 1% of the entire school-age population). The essential distinction between independent schools and other private schools

2945-808: Is generally free, schools that offer instruction in languages other than the official languages of Finland (for example in English) may charge modest fees. There are also unlicensed private schools that do not follow any national curriculum and do not receive public funding. Certificates obtained from such institutions are not recognized as valid proof of education. In 2018, private schools accounted for 3% of basic education institutions and 9% of upper secondary education institutions. All Universities of Applied Sciences are either privately owned or municipality-owned companies or foundations. Some private Universities in Finland operate without legal mandate and are not overseen by

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3040-730: Is generally restricted to primary and secondary educational levels, and it is almost never used of universities or other tertiary institutions. Private education in North America covers the whole gamut of educational activity, ranging from pre-school to tertiary level institutions. Annual tuition fees at K–12 schools range from nothing at so called 'tuition-free' schools to more than $ 45,000 at several New England University-preparatory schools . The secondary level includes university-preparatory schools, boarding schools , and day schools . Tuition at private secondary schools varies from school to school and depends on many factors, including

3135-465: Is inherent to many large private funds. Repatriation campaigns ask for private endowments to be returned to the control of the people and communities that have been most affected by labor and environmental exploitation and often offer ethical frameworks for discussing endowment governance and repatriation. Many might say that, by definition, philanthropy is about redistributing resources. Yet to truly embody this principle, philanthropy must move far beyond

3230-512: Is now known as medicine and basic sciences. Today, the University of Glasgow has fifteen Regius Professorships. Private individuals also adopted the practice of endowing professorships. Isaac Newton held the Lucasian Chair of Mathematics at Cambridge beginning in 1669, more recently held by the celebrated physicist Stephen Hawking . In the United States, the endowment is often integral to

3325-469: Is on a sliding scale and still has a "capacity to pay" element; however, on average, funding granted to the private school sector is 40 percent of that required to operate government schools, the remainder being made up by tuition fees and donations from parents. The majority of the funding comes from the Commonwealth Government, while the state and territory governments provide about one-third of

3420-564: Is self-governance and financial independence. In contrast, public schools are funded and governed by local and state governments, and most parochial schools are owned, governed, and financed by religious institutions such as a diocese or parish. Independent schools may be affiliated with a particular religion or denomination; however, unlike parochial schools, independent schools are self-owned and governed by independent boards of trustees. While independent schools are not subject to significant government oversight or regulation, they are accredited by

3515-530: Is the second wealthiest private foundation , with an endowment of $ 67.3 billion. Most private endowments in the United States are governed by the Uniform Prudent Management of Institutional Funds Act which is based in part on the concept of donor intent that helps define what restrictions are imposed on the principal and earnings of the fund. Endowments in the United States are commonly categorized in one of three ways: All endowments ensure that

3610-523: Is the unique characteristic of this segment of the education industry, offering schools four freedoms that contribute to their success: the freedom to define their own unique missions; the freedom to admit and keep only those students well-matched to the mission; the freedom to define the qualifications for high quality teachers; and the freedom to determine on their own what to teach and how to assess student achievement and progress. Financial endowment Endowments are often governed and managed either as

3705-611: Is their decision whether to engage tutors". Some of the oldest schools in South Africa are private church schools that were established by missionaries in the early nineteenth century. The private sector has grown ever since. After the abolition of apartheid, the laws governing private education in South Africa changed significantly. The South African Schools Act of 1996 recognizes two categories of schools: "public" (state-controlled) and "independent" (which includes traditional private schools and schools which are privately governed). In

3800-403: Is typically overseen by a board of trustees and managed by a trustee or team of professional managers. Typically, the financial operation of the endowment is designed to achieve the stated objectives of the endowment. In the United States, typically 4–6% of the endowment's assets are spent every year to fund operations or capital spending. Any excess earnings are typically reinvested to augment

3895-516: The Shin Min Daily News estimated that there were around 540 tuition centres offering private tuition in Singapore. Due to their high demand, tuition centres are able to charge high fees for their services; they have an annual turnover of SGD$ 110.6 million in 2005. The official government stance on private tuition is that "it understands parents want the best for their children and that it

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3990-579: The International Baccalaureate rather than the Irish Leaving Certificate which every other Irish secondary school student sits. In exchange, however, Nord Anglia students pay some €25,000 per annum in fees, compared to c. €4,000 – €8,000 per annum fees by students in all other fee-charging Irish schools. Many fee-charging schools in Ireland also double as boarding schools. The fees for these may then rise up to €25,000 per year. All

4085-507: The Red Cross ); and religious organizations (e.g., churches, synagogues, mosques). Private endowments are some of the wealthiest entities in the world, notably private higher education endowments . Harvard University's endowment (valued at $ 53.2 billion as of June 2021 ) is the largest academic endowment in the world. As of 31 December 2022 , the Bill and Melinda Gates Foundation

4180-691: The Scottish Council of Independent Schools (SCIS). All schools are still inspected by the state inspectorate, Education Scotland , and the Care Inspectorate . Independent schools in Scotland that are charities are subject to a specific test from the Office of the Scottish Charity Regulator , designed to demonstrate the public benefit the schools provide. In the United States, a private school

4275-546: The "live hand" of the public as opposed to the "dead hand" of the founders of private foundations. Research published in the American Economic Review indicates that major academic endowments often act in times of economic downturn in a way opposite of the intention of the endowment. This behavior is referred to as endowment hoarding, reflecting the way that economic downturns often lead to endowments decreasing their payouts rather than increasing them to compensate for

4370-591: The (first) Gonski Report , the funding formula was changed to compute individual school funding compared to a School Resourcing Standard (SRS). The SRS uses exam results from the National Assessment Program – Literacy and Numeracy tests, calculates the SRS from a cohort of well-performing schools, and applies this formula to other schools on the assumption that they should be able to achieve similar results from similar funding. The funding provided to private schools

4465-564: The 5% payout requirements for grants and distribute ALL of its power and resources. This includes spending down one's endowment, investing in local and regional economic initiatives that build community wealth rather than investing in Wall Street, giving up decision-making power for grants, and, ultimately, turning over assets to community control. After the Heron Foundation's internal audit of its investments in 2011 uncovered an investment in

4560-701: The Catholic schismatic group , the Society of St Pius X in Wanganui operates three private schools (including the secondary school, St Dominic's College ). A recent group of private schools run as a business has been formed by Academic Colleges Group ; with schools throughout Auckland, including ACG Senior College in Auckland's CBD, ACG Parnell College in Parnell , and international school ACG New Zealand International College . In

4655-518: The Commonwealth amount. The Turnbull government commissioned Gonski in 2017 to chair the independent Review to Achieve Educational Excellence in Australian Schools, commonly called Gonski 2.0. The government published the report on 30 April 2018. Following negotiation, bilateral agreements between the Commonwealth of Australia with each state and territory commenced on 1 January 2019, with

4750-533: The Malaysian government, although they did receive some funding from some state governments as well as in the 2019 and 2020 budgets under the Pakatan Harapan government. However, in accordance with their aim of providing affordable education to all in the Chinese language, their school fees are substantially lower than those of most other private schools. The schools are kept alive almost exclusively by donations from

4845-604: The Ministry of Education and Culture. Graduates from these universities must undergo the same verification process as those holding foreign degrees. The right to create private schools in Germany is in Article 7, Paragraph 4 of the Grundgesetz and cannot be suspended even in a state of emergency . It is also not possible to abolish these rights. This unusual protection of private schools

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4940-606: The Philippines, the private sector has been a major provider of educational services. Private schools are generally free to determine their curriculum in accordance with existing laws and regulations. Science high schools are special schools for the more intellectually promising students to foster the problem-solving approach of critical thinking. As separate high schools, they have specific characteristics not found in regular high schools. However, any private or public high school can aspire to meet these minimum standards and be considered

5035-659: The Portuguese region of Algarve , and in the autonomous region of Madeira . The Ministério da Educação acts as the supervisory and regulatory body for all schools, including international schools. In Singapore, after Primary School Leaving Examination (PSLE), students can choose to enter a private high school. Private tuition is a lucrative industry in Singapore, since many parents send their children for private tuition after school. A straw poll by The Straits Times newspaper in 2008 found that out of 100 students interviewed, only 3 students did not have any form of tuition. In 2010,

5130-431: The United States. An endowed professorship (or endowed chair ) is a position permanently paid for with the revenue from an endowment fund specifically set up for that purpose. To set up an endowed chair generally costs between US$ 1 and $ 5 million at major research universities. Typically, the position is designated to be in a certain department. The donor might be allowed to name the position. Endowed professorships aid

5225-468: The academic world, and the university can use them to reward its best faculty or to recruit top professors from other institutions. An endowed faculty fellow is a position permanently paid for to recruit and retain new and/or junior (and above) professors who have already demonstrated superior teaching and research. The donor might be allowed to name the faculty fellowship. A faculty fellow appointment cultivates confidence and institutional loyalty, keeping

5320-561: The adoption of the Right to Education (RTE) Act 2009, private schools were required to be 'government-recognised'. A private school would be eligible for government recognition when it met certain conditions. At the primary and secondary level, India has a large private school system complementing the government run schools, with 29% of students receiving private education in the 6 to 14 age group. Certain post-secondary technical schools are also private. The private education market in India had

5415-589: The city for $ 6 million. As of 2021, the Head of School is Christopher F. Herman. 40°45′15″N 73°53′19″W  /  40.7541°N 73.8885°W  / 40.7541; -73.8885 Independent school A private school is a school not administered or funded by the government , unlike a public school . Private schools (also known as 'independent schools') are schools that are not dependent upon national or local government to finance their financial endowment . Unless privately owned they typically have

5510-485: The director. In 1927 Otis Flower assumed leadership as headmaster and moved the school to its current location. It had its first graduating class in 1929, presenting three students. Within three years Garden Country Day School became an independent school, with a board of trustees, under the New York State guidelines for not-for-profit schools. Amid financial trouble in 2012, the school agreed to sell an athletic field to

5605-717: The donor's intent. The earliest endowed chairs were established by the Roman emperor and Stoic philosopher Marcus Aurelius in Athens in AD 176. Aurelius created one endowed chair for each of the major schools of philosophy : Platonism , Aristotelianism , Stoicism , and Epicureanism . Later, similar endowments were set up in some other major cities of the Empire. The earliest universities were founded in Europe, Asia and Africa. Their endowment by

5700-579: The downturn. Large U.S.-based college and university endowments, which had posted large, highly publicized gains in the 1990s and 2000s, faced significant losses of principal in the 2008 economic downturn . The Harvard University endowment , which held $ 37 billion in June 2008, was reduced to $ 26 billion by mid-2009. Yale University , the pioneer of an approach that involved investing heavily in alternative investments such as real estate and private equity , reported an endowment of $ 16 billion as of September 2009,

5795-650: The education system has always been separate from the rest of Great Britain , the term 'public school' was used historically to refer to state schools for the general public. According to The Good Schools Guide about 7% of children being educated in the United Kingdom are at fee-charging schools at GCSE level and 13% at A-level. Some independent schools are single-sex, although this is becoming less common. In 2011, fees range from under £3,000 to £21,000 and above per year for day pupils, rising to over £27,000 per year for boarders. Costs differ in Scotland. One in four independently educated children come from postcodes with

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5890-443: The end of apartheid, more than 150 universities divested of South African investments, although it is not clear to what extent this campaign was responsible for ending the policy. A proactive version of divestment campaigns is impact investing, or mission investing which refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside

5985-468: The endowment and to compensate for inflation and recessions in future years. This spending figure represents the proportion that historically could be spent without diminishing the principal amount of the endowment fund. The case of Leona Helmsley is often used to illustrate the downsides of the legal concept of donor intent as applied to endowments. In the 2000s, Helmsley bequested a multi-billion dollar trust to "the care and welfare of dogs". This trust

6080-401: The entire student population. Private school numbers have been in decline since the mid-1970s as a result of many private schools opting to become state-integrated schools , mostly due to financial difficulties stemming from changes in student numbers or the economy. State-integrated schools keep their private school special character and receives state funds in return for having to operate like

6175-449: The exception of Victoria, whose bilateral agreement commenced on 1 February 2019. The funding agreements provide states with funding for government schools (20 percent) and non-government schools (80 percent) taking into consideration annual changes in enrolment numbers, indexation and student or school characteristics. A National School Resourcing Board was charged with the responsibility of independently reviewing each state's compliance with

6270-464: The expense of enrolments in government schools, which have seen their enrolment share reduce from 78.1 percent to 65 percent since 1970, although the rate of growth of private schools has slowed in the later years. Australian private schools differ from those in other OECD nations as the Australian Government provides funding to all schools including private schools. In 2013, after release of

6365-528: The final years of the apartheid era, parents at white government schools were given the option to convert to a "semi-private" form called Model C , and many of these schools changed their admissions policies to accept children classified to be of other races. These schools tend to produce better academic results than government schools formerly reserved for other "race groups". Former "Model C" schools are state-controlled, not private. All schools in South Africa (including both independent and public schools) have

6460-426: The financial health of educational institutions. Alumni or friends of institutions sometimes contribute capital to the endowment. The use of endowment funding is strong in the United States and Canada but less commonly found outside of North America, with the exceptions of Cambridge and Oxford universities. Endowment funds have also been created to support secondary and elementary school districts in several states in

6555-737: The funding agreement(s). Private school fees can vary from under $ 100 per month to $ 2,000 and upwards, depending on the student's year level, the school's size, and the socio-economics of the school community. In late 2018 it was reported the most expensive private schools (such as AAGPS and CAS schools in New South Wales , GPS and QGSSSA schools in Queensland , AGSV and APS schools in Victoria ) charge fees of up to $ 500,000 for thirteen years of education. The oldest private school in Australia

6650-477: The future king Henry VIII , created the first endowed chairs in divinity at the universities of Oxford ( Lady Margaret Professor of Divinity ) and Cambridge ( Lady Margaret's Professor of Divinity ). Nearly 50 years later, Henry VIII established the Regius Professorships at both universities, this time in five subjects: divinity, civil law, Hebrew, Greek, and physic—the last of those corresponding to what

6745-495: The government, it can be an aided or an unaided school. Demand for private schools has been growing over the years. While a consensus over what is the most significant driver of this growth in private schooling has not yet emerged, some authors have attributed this to a higher demand for English-medium education, a dissatisfaction with the quality of public schools, greater affordability of private schools, and non-availability of preferred field of study in government schools. After

6840-545: The institution competitive over hiring and retention of talents. An endowed scholarship is tuition (and possibly other costs) assistance that is permanently paid for by an organisation or individual with the revenue of an endowment fund specifically set up for that purpose. It can be either merit-based or need-based (the latter is only awarded to those students for whom the college expense would cause their family financial hardship) depending on university policy or donor preferences. Some universities will facilitate donors' meeting

6935-1340: The largest cities (Auckland, Hamilton, Wellington and Christchurch) and niche markets. Private schools are almost fully funded by tuition fees paid by students' parents, but they do receive some government subsidies. Private schools are popular for academic and sporting performance, prestige, exclusivity and old boys/girls networks; however, many state-integrated schools and some prestigious single-sex state schools, such as Auckland Grammar School and Wellington College , are actively competitive with private schools in academic and sporting achievement, history and character. Private schools are often Anglican, such as King's College and Diocesan School for Girls in Auckland, St Paul's Collegiate School in Hamilton, St Peter's School in Cambridge , Samuel Marsden Collegiate School in Wellington, and Christ's College and St Margaret's College in Christchurch; or Presbyterian, such as Saint Kentigern College and St Cuthbert's College in Auckland, Scots College and Queen Margaret College in Wellington, and St Andrew's College and Rangi Ruru Girls' School in Christchurch. However,

7030-575: The learning of disabled children. In Australia, private schools are mostly operated by an independently elected school council or board of governors and range broadly in the type of school-education provided and the socio-economics of the school community served. Most private schools are run by religious institutes while others have no religious affiliation and are driven by a national philosophy (such as international schools ), pedogogical philosophy (such as Waldorf-Steiner schools ), or specific needs (such as special schools ). Australia has one of

7125-514: The media and in Ontario's Provincial Ministry of Education asserting that students may buy inflated grades from private schools. In Finland, education takes place in state-run, municipality-run, and private schools. To qualify for public funding, all schools must receive a license from the Ministry of Education and Culture and align with the national curriculum and educational standards. While education

7220-566: The most privatised education systems in the world with 30 per cent of primary students and more than 40 per cent of secondary students attending private schools. In contrast the OECD average is 18 per cent. Catholic schools make up a sizeable proportion of total enrolment (nearly 15%) and are usually regarded as a school sector of their own within the broad category of private schools, often charging lower fees than Protestant private schools. Enrolment in non-government schools have been growing steadily at

7315-429: The name of educational quality, most comply with regulations relating to the educational content of classes. Religious private schools often add religious instruction to the courses provided by local public schools. Special assistance schools aim to improve the lives of their students by providing services tailored to the particular needs of individual students. Such schools include tutoring schools and schools to assist

7410-433: The national average income or below, and one in three receive assistance with school fees. Evidence from a major longitudinal study suggests that British independent schools provide advantages in educational attainment and access to top universities. In England and Wales, the more prestigious independent schools are known as ' public schools ', sometimes subdivided into major and minor public schools. A modern definition of

7505-609: The opportunity to choose the school they prefer. For instance, the biggest school chain, Kunskapsskolan ("The Knowledge School"), offers 30 schools and a web-based environment, has 700 employees and teaches nearly 10,000 pupils. Private schools are also known as independent schools, because of their freedom to operate outside government and local government control. Elite institutions for older pupils, which charge high fees, are typically described as public schools . Preparatory schools in England and Wales prepare pupils up to 13 years old to enter public schools. In Scotland, where

7600-463: The original principal, inflation-adjusted, is held in perpetuity and prudent spending methods should be applied in order to avoid the erosion of corpus over reasonable time frames. Restricted endowments may also facilitate additional donor requirements. An expendable endowment fund is one which can be spent in certain circumstances. Endowment revenue can be restricted by donors to serve many purposes. Endowed professorships or scholarships restricted to

7695-507: The poor. In India, wakfs are relatively common among Muslim communities and are regulated by the Central Wakf Council and governed by Wakf Act 1995 (which superseded Wakf Act 1954). Academic institutions, such as colleges and universities, will frequently control an endowment fund that finances a portion of the operating or capital requirements of the institution. In addition to a general endowment fund, each university may also control

7790-426: The profit from it to charity.'" It goes on to say that Umar gave it away as alms, that the land itself would not be sold, inherited or donated. He gave it away for the poor, the relatives, the slaves, the jihad , the travelers and the guests. And it will not be held against him who administers it if he consumes some of its yield in an appropriate manner or feeds a friend who does not enrich himself by means of it. When

7885-438: The program officer who had an interest and then goes away" and recommended that an independent endowment be established and that "[n]ative leadership is crucial". Another approach to reforming endowments is the use of divestment campaigns to encourage endowments to not hold unethical investments. One of the earliest modern divestment campaigns was Disinvestment from South Africa which was used to protest apartheid policies. By

7980-579: The public. In the Netherlands over two-thirds of state-funded schools operate autonomously, with many of these schools being linked to faith groups. The Programme for International Student Assessment , coordinated by the OECD , ranks the education in the Netherlands as the 9th best in the world as of 2008, being significantly higher than the OECD average. As of April 2014, there were 88 private schools in New Zealand, catering for around 28,000 students or 3.7% of

8075-442: The quality of education in all independent schools. In Scotland, schools not state -funded are known as independent or private schools. Independent schools may also be specialist or special schools – such as some music schools, Steiner Waldorf Education schools, or special education schools. Scottish independent schools currently educate over 31,000 students and employ approximately 3,500 teachers. Schools are represented by

8170-437: The right to set compulsory school fees, and formerly model C schools tend to set much higher school fees than other public schools. In Sweden, pupils are free to choose a private school and the private school gets paid the same amount as municipal schools. Over 10% of Swedish pupils were enrolled in private schools in 2008. Sweden is internationally known for this innovative school voucher model that provides Swedish pupils with

8265-404: The same six regional accreditation agencies that accredit public schools . The National Association of Independent Schools (NAIS) is a membership organization of American pre-college independent schools. The NAIS provides this definition of an independent school: Independent schools are 501(c)(3) nonprofit corporate entities, independent in governance and finance, meaning: Independence

8360-470: The school's location, the willingness of parents to pay, peer tuitions, and the school's financial endowment . Some private schools are boarding schools, and many military academies are privately owned or operated as well. Religiously affiliated and denominational schools form a subcategory of private schools. Some such schools teach religious education , together with the usual academic subjects, to impress their particular faith's beliefs and traditions in

8455-406: The state-subsidised fee-charging schools are run by a religious order, e.g., the Society of Jesus or Congregation of Christian Brothers , etc. The major private schools being Blackrock College , Clongowes Wood College , Castleknock College , Belvedere College , Gonzaga College and Terenure College . There are also a few fee-charging international schools in Ireland, including a French school,

8550-399: The students they are helping. The amount that must be donated to start an endowed scholarship can vary greatly. Fellowships are similar, although they are most commonly associated with graduate students. In addition to helping with tuition, they may also include a stipend. Fellowships with a stipend may encourage students to work on a doctorate . Frequently, teaching or working on research is

8645-641: The students who attend. Others use the denomination as a general label to describe what the founders based their belief, while still maintaining a fine distinction between academics and religion. They include parochial schools , a term which is often used to denote Roman Catholic schools. Other religious groups represented in the K–12 private education sector include Protestants, Jews, Muslims, and Orthodox Christians. Many educational alternatives , such as private schools or online schools , are privately financed. Private schools often avoid some state regulations, although in

8740-430: The university by providing a faculty member who does not have to be paid entirely out of the operating budget, allowing the university to either reduce its student-to-faculty ratio, a statistic used for college rankings and other institutional evaluations, or direct money that would otherwise have been spent on salaries toward other university needs. In addition, holding such a professorship is considered to be an honour in

8835-467: The vast majority of schools being under the ownership of private institutions, a large majority of all their costs, including teachers' salaries, are paid for by the Irish state. Of these private schools, only a very small minority actually charge fees. In 2007, 'The number of schools permitted to charge fees represents 7.6% of the 723 post primary level schools and they cater for 7.1% of the total enrolment.' If

8930-530: Was estimated at the time to total 10 times more than the combined 2005 assets of all registered animal-related charities in the United States. In 1914, Frederick Goff sought to eliminate the "dead hand" of organized philanthropy and so created the Cleveland Foundation : the first community foundation . He created a corporately structured foundation that could utilize community gifts in a responsive and need-appropriate manner. Scrutiny and control resided in

9025-477: Was implemented to protect these schools from a second Gleichschaltung or similar event in the future. In Italy education is predominantly public; about one-fifth of schools are private, attended by about one out of 10 Italian schoolchildren. The Italian constitution states that education is to be public, free, and compulsory for at least eight years. In India, private schools are called independent schools, but since some private schools receive financial aid from

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