Education

Descendants of Slaves Sold to Pay Georgetown Debt Want University to Set Up $1B Foundation
September 13, 2016 at 11:36 am

In 1838, two Jesuit priests, who served as presidents of Georgetown University, sold 272 slaves. The sale netted $115,000, or $3.3 million today, and helped pay the school's debts. On Sept. 1, Georgetown formally apologized for its role in the slave trade. The school said it would give an admissions preference to descendants of slaves owned by Maryland Jesuits, rename a pair of buildings and build a memorial. It was a nice attempt at reconciliation, but some 600 Georgetown slave descendants believe the university can do more...

Harvard Rakes in Another $7B in Record-Breaking Fundraising Haul
September 9, 2016 at 9:54 am

It’s nice to see one of these scrappy liberal arts schools finally catch a break. With another two years to go, Harvard University’s latest fundraising drive has raked in $7 billion, the college said last week. Launched in 2013 with the goal of reaching $6.5 billion, Harvard’s haul broke the record Stanford previously set in…

$76 Where There Should Be $600K: Missing City College Donation Prompts Inquiry
September 2, 2016 at 9:22 am

The City University of New York is investigating whether a recent $500,000 donation intended to bolster the humanities and arts at its flagship school may have been improperly diverted. The inquiry was prompted by senior faculty members at the school, the City College of New York, who learned that an account that should have contained…

When a Major Donor Can't Complete a Pledge
August 26, 2016 at 11:07 am

It’s hard to watch $38 million melt away. But that’s effectively what Marian University in Indianapolis has had to do. The small Roman Catholic university on the city’s west side secured a very public $48 million pledge from a wealthy donor at the beginning of the decade as it sought to expand with a new…

Breitbart Editor Takes $100,000 for Charity, Gives $0
August 24, 2016 at 9:28 am

Months after he was supposed to give away more than $100,000 for college scholarships, Milo Yiannopoulos said all of the money is still sitting in his bank account. The Breitbart editor and professional political agitator (recently banned from Twitter for harassment) came under fire this week as allegations surfaced that his charity, which would provide…

Vanderbilt Pays Back Donation So It Can Remove 'Confederate' From Building Name
August 16, 2016 at 10:13 am

In 2005, Vanderbilt conceded defeat in its legal battle to remove the word "Confederate" from one of its residency halls, which was built as Confederate Memorial Hall, but which the university prefers to call just Memorial Hall. The university had announced plans to remove the word in 2002, but the Tennessee chapter of the United…

Feds Deny For-Profit College's Request to Turn Nonprofit
August 12, 2016 at 9:37 am

The government is accusing a for-profit college chain of trying to evade regulations by turning into a nonprofit. The Department of Education denied the application of the Center for Excellence in Higher Education, or CEHE, a Utah-based for-profit college chain with roughly 12,000 students, to convert into a nonprofit school, which in some cases aren’t…

Nonprofit Universities in DC Avoided $111M in Local Taxes Last Year
August 5, 2016 at 9:23 am

If George Washington University were any other employer, it would owe $39 million in property taxes to Washington, D.C., each year. Georgetown University would have to fork over nearly $9 million; American University, $11 million; and Howard University, about $26 million. But as nonprofit organizations, the universities—which control more than $10 billion worth of city…

Opinion: The Most Undervalued Nonprofit Professional
August 1, 2016 at 11:39 am

It’s probably you. Or could be you in the near future. And if not, then definitely some of your friends. I’m talking about the 4 million moms, dads, teachers, community members and other concerned citizens who are currently PTA members that willingly share their precious time with their children’s schools...

Board Chair Withdraws $3M Donation Over Naming Flap
July 22, 2016 at 10:00 am

University of Michigan board chairman Mark Bernstein and his wife will withdraw a $3 million gift slated to help finance a new multicultural center on campus after concerns were raised about naming the building for them. The current multicultural center is named for William Monroe Trotter. It is the only building named for an African…