; and (B) an explanation of the basis for such increase. (3) A statement of whether the institution of higher education has an endowment fund, and if so— (A) the amount of the endowment fund as of the date the report is submitted; and (B) the total increase in the amount of the endowment fund over the preceding 4 fiscal quarters, specifying the growth attributable to— (i) contributions to the endowment fund, including charitable donations, gifts, bequests, and similar contributions of money or assets; and (ii) investments of amounts in the endowment fund, including bonds, securities, asset acquisitions or sales, and similar financial investments and transactions. . 3. Program participation agreement Section 487(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(a) ) is amended by adding at the end the following: (30) The institution will— (A) pay the covered percentage of the cost of attendance for each full-time enrolled student, as described in section 494A(a); and (B) annually submit the cost and endowment report described in section 494A(b). . 4. Risk-sharing payments for Federal Direct Loans Section 454 of the Higher Education Act of 1965 ( 20 U.S.C. 1087d(a) ) is amended— (1) in subsection (a)— (A) in paragraph (5), by striking and after the semicolon; (B) by redesignating paragraph (6) as paragraph (8); and (C) by inserting after paragraph (5) the following: (6) provide that the institution accepts the institutional risk-sharing requirements under subsection (d);