Education

Penn State Wants Sandusky Charity to Help Pay Abuse Victims
July 21, 2016 at 11:15 am

The latest development comes in a court document the university filed earlier this month, according to the Centre Daily Times. In it, Penn State asked that the insurers of Sandusky's former charity, The Second Mile—which asked to shut down in January and received the judge's OK in March—help foot the victims' settlement costs...

Duke Hits Its $3.25B Fundraising Goal Nearly a Year Early
July 15, 2016 at 9:27 am

Duke University has reached its fundraising goal nearly a year early, hitting the $3.25 billion mark this week. University officials, saying there’s more work to do, emphasized that the “Duke Forward” campaign will continue until the middle of 2017, about the same time that Duke's President Richard Brodhead retires. “We are thrilled to have achieved…

Why Is The Walton Family Foundation Putting Another $250M Into Charter Schools?
July 5, 2016 at 10:08 am

Billionaire sister and brother Alice and Jim Walton have explained last week’s $250 million grant from the Walton Family Foundation to aid in building charter school facilities as a salute to their parents’ emphasis on education. “My parents spent a lot of time with us growing up just enforcing the fact that education is what…

School Discovers $1.5M Gift Was Scam—After Spending Funds
June 9, 2016 at 10:55 am

In November 2015, a mysterious donor identifying himself as Juan Diaz Romero, a self-proclaimed Wall Street financier, delivered a $1.5 million check to the High School for Enterprise, Business and Technology in Brooklyn, New York. The school, understandably ecstatic, sent the check to the Department of Education, which gave the go-ahead for the school to start using the funds. But there was one minor issue. The check was fake...

How Companies Profit Off Education at Nonprofit Schools
June 8, 2016 at 8:00 am

Selling the dream of a college education is big, profitable business. In 2014, four companies that own and run for-profit colleges collected in excess of $1 billion each. To boost their enrollments and profits, many for-profit schools pioneered modern marketing tactics, such as websites that collect information to generate marketing leads, text message follow-ups to…

Are Conservative Donors Bullying This Public University?
May 3, 2016 at 10:04 am

George Mason University’s president has responded to concerns raised by faculty, students and others that the public university has become overly dependent on private donations—questions prompted by one recent gift from a foundation with conservative ties and another that asked that the university’s law school be renamed to honor late U.S. Supreme Court Justice Antonin…

Lawyer Joins Marywood University Board
May 2, 2016 at 10:20 am

Lisa A. Lori, a partner in the litigation and intellectual property departments at Philadelphia-based Klehr Harrison Harvey Branzburg LLP, has been elected chair of the board of trustees for Marywood University. Her term will commence on July 1, 2016, and will coincide with the arrival of Marywood University’s 12th president, Sister Mary Persico, IHM, Ed.D,…

Penn State Thon Makes Tough Call on 'Canning' After Donations Plunge
April 25, 2016 at 11:22 am

When it comes to planning for Penn State Thon 2017, the controversial practice of "canning" is coming back this fall—but with some major changes and only for a limited time. Thon 2016 and Thon 2017 executive directors Katie Mailey and Austin Sommerer today released a letter to the Thon community stating in part: "In agreement with the…

Delay in $5M Gift to Iowa Football Raises Questions
April 19, 2016 at 9:17 am

The president of the governing body for Iowa's public universities often has used his $5 million pledge to the Hawkeye football program to build his image as a successful businessman and philanthropist. But years after his 2008 commitment was touted at a news conference as the largest gift to Iowa athletics, Bruce Rastetter has given…