http://www.townhall.com/columnists/
WalterEWilliams/2007/
03/21/a_donor_with_backbone
A Donor with Backbone
By Walter E. Williams
Wednesday, March 21, 2007
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Some colleges have brazenly violated donor intent. Princeton University has been taken to court by the Robertson family for misuse of $207 million of a gift estimated at $700 million in today’s prices. Because they violated donor intent, Boston College, USC, UCLA, Harvard and Yale have been forced to return multimillion-dollar gifts. It’s high time that donors large and small summon some of Mr. McGlothlin’s courage and hold colleges accountable to standards of decency and honesty.
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I like how Professor Williams cuts to the center.
When we give money, as opposed to when we have it stolen via taxes from us, we have a moral obligation to “first, do no harm”. When we don’t supervise the donation’s use, we become complicit it the abuse.
The fact that these “schools” are really pseudo gooferment entities makes it even harder to control their behavior.
If they were truly private free market entities, the their “customers” could discipline them.
Reinke Faces Life 