We like to think that a college is forever, and some in this world are mighty old. The reality is that it’s a competitive world out there, and that goes for colleges, too. Last week, Morris Brown College announced that it was in danger of foreclosure. The Atlanta institution had taken on too much debt… [Read More]
Blog
Category: Fiduciary responsibility
Paying for College: Looking at the Donors
America’s universities are mostly funded by private funds: tuition and donations. Yes, even private universities receive government funding, but the volume of state and federal dollars has been steadily declining. Who provides the money, and how much they give, affects the amount of non-loan financial aid available, what you get for that money, and how… [Read More]
Cato’s Problems and Nonprofit Structure
The Washingtonian Magazine has a long story about management tensions at the Cato Institute, a libertarian think-tank. The most interesting part, to me, was this tidbit: the Cato Institute has shareholders because Kansas corporation law allows non-profits to have a corporate ownership structure. That’s really unusual. A typical non-profit organization is “owned” by its donors… [Read More]
Fiduciary Responsiblity and Susan G. Komen for the Cure
At this point, we all know what happened: Susan G. Komen for the Cure decided to cut grant funding for Planned Parenthood, the executives gave conflicting stories about why it was cutting funding, and people all over raged on Facebook, Twitter, and what have you. Once criticism that I saw, several times, was the idea… [Read More]
