Universities should use gift agreements to preserve donor intent—and to best serve the interests of the university.
Ohio State University is undergoing criticism from Jeffrey Moritz for drawing endowment fees out of his father’s $30 million endowment gift and failing to fulfill the gift’s intentions.
In the wake of the COVID-19 pandemic, higher education fundraisers,like all fundraisers—are facing a difficult fundraising environment. Ignoring stewardship is the worst mistake you can make—even now.
Reed Hastings has pledged $120 millions to support HBCUs. This is the right way to support higher education right now.
On December 18th, 2019, the University of Missouri and Hillsdale College lawsuit concerning the Sherlock Hibbs endowment was decided. Hillsdale was awarded $4.6 million.
In light of the lawsuit between Hillsdale University and University of Missouri of the misuse of a donor’s gift, here are two recommendations on how better to secure donor intent.