College and university educators and administrators at a congressionally sponsored roundtable September 8 came to agreement that a mandatory endowment payout would hinder their methods of operation. Concerns include that of restricted funds – those contributed for a specific purpose to a university’s endowment fund – limiting the pool from which a tuition payout can be made. In addition, a mandatory payout might erode the flexibility many institutions need to increase their financial resources. For now, the Senate does not plan to introduce legislation on the matter and hopes that it will self-correct. However, the Senate has asked the IRS to formulate a Form 990 schedule for institutions of higher education comparable to that required for hospitals. In May, Sen. Charles Grassley (R-Iowa) called for legislation mandating the wealthiest colleges and universities to make a 5 percent endowment payout.