Higher education institutions and other not-for-profits (NFPs) are grappling with unprecedented societal, economic, technological, and regulatory pressures that are disrupting traditional models, in addition to several recent changes to federal policy. Students now seek more diverse, flexible, and career-oriented learning experiences, while the demand for non-traditional education and lifelong learning is growing. Demographic shifts, particularly the arrival of a fully digital-native generation, are reshaping the student landscape. Affordability remains a pressing concern, and heightened oversight and accreditor scrutiny necessitate more complex governance structures and compliance reporting. Additionally, other not-for-profits are facing heightened scrutiny of mission relevance and outcomes – and developing appropriate ways to measure and communicate impacts is critical. Technological advances, especially in AI and GenAI, are transforming stakeholder experiences and operations, yet many NFPs are struggling with aging systems.
At KPMG, we empower higher educational institutions and other NFPs to thrive in the face of change and to seize the opportunities that are born of disruption. Our multi-disciplinary audit, tax, and advisory teams can help you stay ahead of rapid technological advancements and evolving economic, societal, and regulatory pressures. We can help you develop a clear vision for the future, reduce risk, enhance your financial viability and strengthen your brand to enrich the experiences of the stakeholders you serve, from patients and students to grantors and alumni, with holistic, forward-looking strategies and the capabilities required to realize them.
Provide deep insights on emerging issues and trends, from financial reporting, compliance, and internal controls to leading strategic, operational, technology, risk management, and governance practices.
We currently audit more than 100 colleges and universities and over 150 other not-for-profit organizations and work closely with industry standard-setters such as FASB, GASB, NACUBO, and many others.
Helping you remain compliant while proactively managing impacts on your clients, operations, and industry.
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To turn the disruption of generative artificial intelligence into an opportunity, higher education leaders should focus on four important variables: policy, principles, strategy and collaboration.
