Walter Kimbrough writes about a $400 million gift to Columbia here at Inside Higher Ed. Below is an excerpt:
… I am becoming less and less tolerant of people who pass wealth on to the privileged and masquerade it as philanthropy. Philanthropy is the voluntary act of donating money, goods or services to a charitable cause, intended to promote good or improve human well being. When a billionaire gives money that will benefit people who are more than likely already well off or who already have access to huge sums of money, attending the ninth richest university by endowment, this is not philanthropy. This simply extends the gross inequities that exist in our country : inequities that one day will come home to roost.
Almost 40 percent of all college students nationally earned a Pell Grant, which in general represents students from families earning less than $35,000 a year. Yes, almost 40 percent of students in college today are from low income families. At Columbia, where tuition and fees alone tops $31,000, only 16 percent of students are Pell Grant eligible. In fact, over 60 percent of Columbia students don’t even bother to apply for federal financial aid. They can pay the bill : no problem (see the Economic Diversity of Colleges Web site). Columbia is not alone. A recent New York Times article, which provided a great story on a recent Amherst College graduate, indicated that 75 percent of students attending elite colleges come from the top socioeconomic quartile, while only 10 percent come from the bottom half, and just 3 percent from the bottom quartile.
For comparison, 83 percent of my students received the Pell Grant during that same year, and 84 percent applied for financial aid. Even with tuition and fees less than $9,000 a year, my students on average will leave college with MORE debt than Columbia students, in fact $11,000 more even though tuition and fees are $22,000 a year less!
I am hopeful that Columbia will do as it states it will, which is to expand the number of scholarship grants to needy students. President Bollinger has been a strong advocate for affirmative action, and I am very hopeful because he has shown great integrity. But even assuming that Columbia spends the money on aid, and that it couldn’t spend more of its existing money on poor students, not to mention admitting more of them, the university’s current campaign has a goal of $1 billion for facilities â€“ that’s an astronomical sum of”philanthropy”to help a wealthy institution have better facilities. And Columbia isn’t alone : as there are similarly ambitious spending plans by the other public and private universities currently seeking to raise billions of dollars.
And the situation in which the wealthy get wealthier : while feeling good about their”philanthropic”traditions : isn’t much better in elite public higher education. Last fall, The Education Trust released â€œEngines of Inequality: Diminishing Equity in the Nation’s Premier Public Universities.” This report got little to no play nationally, and certainly nothing like the play the Columbia gift received, because the conclusions were a damning condemnation of higher education’s elite. In 2003, about 100 research extensive universities spent $257 million in financial aid for students from families earning over $100,000 a year, almost as much as that spent on students from families earning $20,000-40,000, and more than that spent on students from families earning less than $20,000. Again, much of these funds come from wealthy, image conscious alumni, praised for being philanthropists, who primarily want to ensure that their university has the best and brightest their money will buy. … [Emphasis added.]
Read the whole piece here.
Update: related post at Prawfsblawg.