Citation

Innovative funding mechanisms: The case of educational endowments in Iran

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Abstract:

There is much discussion in the education finance discourse about the use of public funding for private education, but there is substantially less discourse on the use of private funding for public education, especially for K-12 schools. This presentation will critically analyze the case of educational endowments, or waqf, in Iran in order to understand how such a finance policy could be transferred to the alternative contexts. In Iran traditional private educational endowments, known as waqf, have provided one way to counterbalance the political unrest and governmental fiscal deficits. By examining this case in depth from a socio-cultural perspective in terms of its policy, it may show that educational endowments, though they are an old concept, become innovative; this is especially the case in countries experiencing long term political instability, fiscal constraints, and a poor ability to educate the next generation.

In addition, this presentation will show how educational endowments, if implemented correctly, could reduce many typical concerns with traditional international lending programs. The benefits of such educational endowments include reducing reliance on corrupt state governments, increasing reliance on local entrepreneurs, increasing funding to perpetually underfunded schools, and most importantly increasing the equity of quality educational access for the students most in need. Through the lens of empirical analysis of Iran and innovative financing mechanisms for education, this presentation intends to investigate the potential funding that educational endowments could yield.

Author's Keywords:

Innovative Finance
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Association:
Name: 55th Annual Conference of the Comparative and International Education Society
URL:
http://www.cies.us


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MLA Citation:

Mellen, Jason. "Innovative funding mechanisms: The case of educational endowments in Iran" Paper presented at the annual meeting of the 55th Annual Conference of the Comparative and International Education Society, Fairmont Le Reine Elizabeth, Montreal, Quebec, Canada, <Not Available>. 2014-11-26 <http://citation.allacademic.com/meta/p487666_index.html>

APA Citation:

Mellen, J. "Innovative funding mechanisms: The case of educational endowments in Iran" Paper presented at the annual meeting of the 55th Annual Conference of the Comparative and International Education Society, Fairmont Le Reine Elizabeth, Montreal, Quebec, Canada <Not Available>. 2014-11-26 from http://citation.allacademic.com/meta/p487666_index.html

Publication Type: Panel Paper
Abstract: There is much discussion in the education finance discourse about the use of public funding for private education, but there is substantially less discourse on the use of private funding for public education, especially for K-12 schools. This presentation will critically analyze the case of educational endowments, or waqf, in Iran in order to understand how such a finance policy could be transferred to the alternative contexts. In Iran traditional private educational endowments, known as waqf, have provided one way to counterbalance the political unrest and governmental fiscal deficits. By examining this case in depth from a socio-cultural perspective in terms of its policy, it may show that educational endowments, though they are an old concept, become innovative; this is especially the case in countries experiencing long term political instability, fiscal constraints, and a poor ability to educate the next generation.

In addition, this presentation will show how educational endowments, if implemented correctly, could reduce many typical concerns with traditional international lending programs. The benefits of such educational endowments include reducing reliance on corrupt state governments, increasing reliance on local entrepreneurs, increasing funding to perpetually underfunded schools, and most importantly increasing the equity of quality educational access for the students most in need. Through the lens of empirical analysis of Iran and innovative financing mechanisms for education, this presentation intends to investigate the potential funding that educational endowments could yield.


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