The Congressional Research Service (CRS) has determined that using a portion of a distribution from a university or college endowment fund “could mitigate or eliminate tuition growth and substantially expand student aid” for many institutions of higher learning. These findings, reported in a memorandum made available October 2, also discussed the tax benefits associated with endowment funds. The findings in the memo were generated in response to a request from Senate Finance Committee Chairman Max Baucus (D-Mont.) and Sen. Chuck Grassley (R-Iowa).