Know who's got a lot of time to spend sitting in college classes? Rich people. Know who doesn't? Poor people. Several prominent higher education foundations–Lumina and Carnegie to name two–have for this reason grown suspicious of the credit hour.
It's tough to make bad investments after you're dead. Maybe that's why T. Boone Pickens this month wrote a $20 million gift for Wilmer Eye Institute of John Hopkins University into his will. This is great news. Pickens' hare-brained fiscal steering ended his last major charitable liaison at Oklahoma State University (OSU) in catastrophe.
Jeanne and Anthony Pritzker this September announced $15 million gift to UCLA in support of urban sustainability research. The money will go into endowments to finance five new chairs at UCLA's Institute of the Environment and Sustainability (IoES), the single most expensive which is the $5 million Pritzker Distinguished Chair in Environment and Sustainability, an annual $100,000 Pulitzker Sustainability Prize and an annual sustainability research symposium in compliment.
The Park Foundation Friday announced a $50 million gift to North Carolina State University (NCSU) for scholarships. The school intends to match the foundation's gift by raise an addition $100 million over the next few years. During this challenging economic time when our university has experienced significant budget cuts, this leadership gift is especially meaningful,” NCSU Chancellor Randy Woodson told WRal.com.
Walter Olson wrote an excellent analysis of how the Ford Foundation has used law schools to advance leftist politics over the past century: a practice to which he acridly refers as “public interest law.” Needless to say the Cato Institute Senior Fellow finds it detestable; I personally can’t think of a better use for foundation money.
Ever wondered why psychology’s always got to be such a downer? Aren’t these people ever curious about how puppy dogs and fuzzy bunnies so consistently trigger the cuteness response? Why does orange juice taste so darn good? If you’ve ever asked yourself such questions, you’re already half way to landing a Templeton grant.
The Donald W. Reynolds Foundation has committed $1 million to University of Utah Health Science Center to better train physicians in geriatrics. Along with nine other training sites, University of Utah won funding as part of Reynolds' "Next Steps in Physicians' Training in Geriatrics Program."
Though private liberal arts colleges (PLACs) are spending less on their students’ educations than they have in the past, they favor those who can pay more it. A recent working paper found that the "total cost per student also declined by 4.5 percent per year from 2008 to 2011" at PLACs. But this is what makes the Arthur Vining Davis Foundations' grantmaking really cool.