Corporate Collective Investment Vehicles: Tax and commercial considerations from the corporate collective Watch Video

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Arnold Bloch Leibler

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As corporate America evolves to meet the changing needs of the modern workforce, employee education benefits have emerged as a critical element in attracting and retaining top talent. Alongside traditional benefits such as health care and retirement plans, education benefits are increasingly recognized as essential for addressing the priorities of both candidates and current employees. One reason for this is simple - college can be expensive. According to a recent study although 75% of Americans recognize the value of obtaining a bachelor's degree, over half (56%) of individuals who have never enrolled or were previously enrolled cite cost as a significant deterrent to pursuing or reenrolling in postsecondary education. The goal of corporate education benefits is to provide employees with various avenues for professional growth and development while alleviating the financial burden associated with higher education. For employers, offering education benefits also has its benefits, as companies that offer education programs to their employees also stand to gain on several fronts: Retention and Talent Advancement: Investing in employee education fosters loyalty, engagement and encourages career advancement, leading to higher education rates. Reduced Acquisition Costs: By nurturing existing talent, businesses can reduce the need for frequent recruitment and onboarding, thereby cutting down on acquisition costs. Attraction of Top Talent: Competitive education benefits can serve as a powerful recruitment tool, attracting high-caliber candidates who prioritize continuous learning and personal development. A Leading Example: Starbucks College Achievement Plan (SCAP). Starbucks was among the first to offer tuition assistance in 2014 with the Starbucks College Achievement Plan (SCAP), a first of its kind partnership with Arizona State University (ASU). This program creates an opportunity for all eligible U.S. partners (employees) to earn their first-time bachelor's degree through ASU's top-ranked online degree program. Ten years later, Starbucks has celebrated its largest class of SCAP graduates, marking a decade of transformative impact through a pioneering tuition assistance initiative. How does it work? Upfront tuition coverage for online degrees with no strings attached: Unlike many programs that cap tuition benefits, SCAP offers full tuition coverage, all upfront. And there is no commitment to stay with the company after graduation. High-quality education: Partners enrolled in SCAP benefit from ASU's top-ranked online degree program with over 150 undergraduate degree programs to choose from ensuring access to the same caliber of education as on-campus students. Pathway to Admission: Starbucks and ASU provide an admissions pathway for partners who do not initially qualify for enrollment. Through Pathway to Admission, eligible partners can take up to 10 college-level courses to earn their admission into the university, with credit conversion costs fully covered. To date, the SCAP program has helped more than 13,000 partners earn their degree. And, according to data from The Burning Glass Institute, approximately 75% of SCAP participants have experienced significant career growth post-graduation. But to Starbucks, SCAP represents just one facet of the diverse landscape of education benefits available to employees. In 2022, the company also rolled out a student loan management tool as part of a financial well-being push. Through Tuition.io, employees have access to tools, resources and individual coaching to manage student loan debt, such as repayment options and loan refinancing. Success stories like Starbucks and others serve as compelling evidence of the tangible benefits of investing in employee education. Beyond immediate career advancement, these initiatives lay the groundwork for sustained growth, both for individuals and the companies that support them. For more information on the Starbucks SCAP program, go to https://www.starbucks.com/careers/working-at-starbucks/education/.
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FC Dallas maintains its at-home non-losing streak to Austin FC in this Saturday’s 2-1 win.<br/><br/>Now, FCD joins the Verde and Black at the top of this season’s Copa Tejas leaderboard.<br/><br/>Dallas snapped Austin’s three-game shutout streak in the 4th minute, when forward Petar Musa picked off a pass played back for his fourth goal of the season.<br/><br/>Forward Jesús Ferreira tacked on the night’s second with his second of the season in the 56th minute. He had a 1-on-1 break away and beat Austin goalkeeper Brad Stuver, who led the MLS with 58 saves, to finish it in the bottom right corner. Ferreira is now the youngest player to reach 50 goals in the MLS regular season.<br/><br/>According to Head Coach Nico Estévez, the most important takeaway from the match was how united the team was.<br/><br/>“The willingness to win the game, the suffering, the sacrifice, hanging out there in the difficult moments… being humble to defend when needed…” Estévez said. “I think it was a collective team win.”<br/><br/>FCD did give up a penalty, in the 82nd minute—Austin midfielder and captain Sebastian Driussi buried it left past Dallas goalkeeper Maarten Paes.<br/><br/>It’s FC Dallas’ second win of the week, after beating Memphis 901 FC 1-0 on Tuesday in Round 32 of the Lamar Hunt U.S. Open Cup.<br/><br/>Austin FC will head back down I-35 with a loss on its record, while FC Dallas and its three points will head south next Saturday, May 18, for another Copa Tejas leg and Texas Derby matchup with Houston Dynamo FC.<br/><br/>Kickoff is set for 7:30.
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