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]
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Category: Nonprofit and Endowment Management
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]
