There were certainly some big mistakes along the way, but Carnegie’s advice to philanthropists is not without merit.
When Nikole Hannah-Jones was under review for tenure at UNC, a mega-donor who named the journalism school confidentially—and controversially—expresed his opposition to her tenure.
It’s not always unwise to remove someone’s name from a building or an award. But we should make that decision with accurate information.
Foundation program officers look for bold proposals that promise the outcomes they are hoping for. This can skew their ability to assess them.
Philanthropy in higher education has a storied history of donor intent abuses. Clear and firm restrictions are the only way to protect your goals.
Jeff Sandefer, founder of Acton Business School, Acton Academy, and Acton Children’s Business Fair, is an excellent example of a philanthropist with passionate ideas that he will invest in.
In 1925, a donor left two paintings to the city of Plainfield, New Jersey. A judge had to determine whether or not the city could sell the paintings, or if that violated the donor’s will.
The nonprofit tax form, the 990, is a bureaucratic burden on nonprofits … but it does offer donors some level of protection and transparency.
Steven M. Teles’ book, The Rise of the Conservative Legal Movement, describes the successful role philanthropy played on the right and left to bolster a legal movement advancing their causes.
Chuck Feeney is a model philanthropist with a demonstrated commitment to “giving while living.” At 89, Feeney has given away almost all of his fortune and closed his foundation.