Editing Rice University (section)

=== Rice Management Company ===
The Rice Management Company manages the $8.1 billion Rice University endowment (June 2021) and $1.1 billion debt.<ref>{{Cite web |title=About Us |url=https://investments.rice.edu/about-us |url-status=live |archive-url=https://web.archive.org/web/20210123213318/https://investments.rice.edu/about-us |archive-date=January 23, 2021 |access-date=2020-12-28 |website=Rice Management Company {{!}} Rice University |language=en }}</ref><ref name=":3">{{Cite web|date=2020-11-18|title=In Houston's Third Ward, Community Groups are Fighting for Equitable Development|url=https://www.texasobserver.org/in-houstons-third-ward-community-groups-are-fighting-for-equitable-development/|access-date=2020-12-28|website=The Texas Observer|language=en-US|archive-date=January 7, 2021|archive-url=https://web.archive.org/web/20210107115706/https://www.texasobserver.org/in-houstons-third-ward-community-groups-are-fighting-for-equitable-development/|url-status=live}}</ref> The endowment provides 40% of Rice's operating revenues.

In August 2021, an economic development agreement that would provide Rice Management Company with up to $65 million in cost reimbursement from local taxes was given initial approval by the Midtown Tax Increment Reinvestment Zone.<ref name=":4">{{Cite web |last=Whalen |first=Emma |date=2021-08-26 |title=Midtown TIRZ OKs infrastructure deal with Rice University around Ion campus |url=https://communityimpact.com/houston/heights-river-oaks-montrose/development/2021/08/26/midtown-tirz-oks-infrastructure-deal-with-rice-university-around-ion-campus/ |url-status=live |archive-url=https://web.archive.org/web/20210902043537/https://communityimpact.com/houston/heights-river-oaks-montrose/development/2021/08/26/midtown-tirz-oks-infrastructure-deal-with-rice-university-around-ion-campus/ |archive-date=September 2, 2021 |access-date=2021-09-09 |website=impact |language=English}}</ref> The agreement does not require a community benefits agreement in exchange for funding. Final approval requires a vote by the Houston City Council.<ref name=":4" />