Posts Tagged ‘college endowments’

24/100 Things we’ve learned: “Take no more than your fair share”

Posted by Gayle Gifford on August 24, 2009 in 100 Things We've Learned, Big ideas, Fundraising

“Take no more than your fair share.”

That was one definition of sustainability offered by Margo Flood, Executive Director of the Environmenal Leadership Center and Chief Sustainability Official at the new student plenary at Warren Wilson College last week. (One of our sons transferred there this year).

If you’ve been following this blog, you’ll know that one of my great concerns is the concentration of the resources of the nonprofit sector in the hands of so few organizations. Fewer than 6% of US institutions hold more than 80% of the income and assets of the sector.

I’ve asked the question before “How much is enough? Philanthropic greed

That’s why Ms. Flood’s definition resonated so strongly with me. What would happen if all philanthropic institutions held themselves to the standard of taking no more than their fair share. Perhaps more philanthropy, bequests, grants and government funding would flow to organizations that are just as worthy (maybe even more so) but without the class connections and fund development capacity that accrue to many of the largest institutions.

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How much is enough? Philanthropic greed.

Posted by Gayle Gifford on May 28, 2008 in Better Boards, Big ideas, Fundraising

I just received a link from the Association of Fundraising Professionals to a Christian Science Monitor article on a proposal being floated in Massachusetts to tax college endowments that exceed $1 billion.

The pros and cons of the discussion are centered around whether the colleges are spending enough of their endowments to lower tuition … and the colleges are responding with all kinds of statistics about their contributions to the local economy.

But the question I haven’t seen posed yet to the Harvards of the world is the one I asked above: How much is enough?

A few years ago I was facilitating a strategic planning process with a community center in a small oceanside community. Overall, the townsfolk were pretty well-off financially (with the exception of the service folk and farmers whose families had lived in this community forever). The community center was fortunate to have a small endowment that helped supplement their annual operating expenses.

During the course of our conversation, one of the board members posed the question: If someone wanted to leave us a million dollars, should we take it? I was floored… in my 20 Read More >>

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