In the WSJ for October 13 is an article, "Alms for Alma Mater," by Naomi Riley:
How can donors be sure that the money they give will go to fund the things they want? Mr. Marcus says it is time to hold administrators' feet to the fire. Along with John M. Templeton Jr. and the John William Pope Foundation, Mr. Marcus has provided the seed money ($5 million) for the Center for Excellence in Higher Education (CEHE). The Indianapolis-based center, launched last month, aims to help donors "use philanthropy as a lever to reform higher education," says Frederic Fransen, its executive director. Reform includes a greater emphasis on core curricula, a free-market understanding of economics, a more balanced approach to politics, affordable tuition, tenured faculty who spend more time in the classroom, greater transparency in university governance, and an end to grade inflation.
"For a buck, universities would do anything," Mr. Marcus said in a recent interview.
To quote my own Distinguished Patron, Candidia Cruikshanks, "Philanthropy is the best friend Wealth Bond*ge ever had. There is nothing these Universities won't do for a buck. It's the Free Market, Sweetie. Get used to it."
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