I know somebody that works for a foundation of a university. He says that you cannot just arbitrarily take Foundation money and open a school with it because most of it has been earmarked for specific purposes by the people who donated it.
I donate to colleges and am given a choice to allow the colleges to spend the money at their discretion, the option I choose. I’m sure that option is quite commonly selected.
They pushed the small donors into that because the big donors almost invariably want their money used for something specific like naming a building after them or usually Athletics.
I certainly wasn’t pushed. And elite colleges make a lot of money from small donors, just like the government and presidential candidates. No one is talking about schools devoting most of their resources to programs to advance diversity.
I know somebody that works for a foundation of a university. He says that you cannot just arbitrarily take Foundation money and open a school with it because most of it has been earmarked for specific purposes by the people who donated it.
I donate to colleges and am given a choice to allow the colleges to spend the money at their discretion, the option I choose. I’m sure that option is quite commonly selected.
They pushed the small donors into that because the big donors almost invariably want their money used for something specific like naming a building after them or usually Athletics.
I certainly wasn’t pushed. And elite colleges make a lot of money from small donors, just like the government and presidential candidates. No one is talking about schools devoting most of their resources to programs to advance diversity.