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New York CNN —Big money donations are booming at America’s colleges, helping fund higher education for millions of students. The biggest donors often sit on universities’ board of trustees, which governs the university and selects university leadership, priorities and direction. The donor backlash at the University of Pennsylvania and uproar at Harvard University over Israel and Palestine highlight how big donations often come with demands for changes to university policy and politics. The backlash has raised questions about the influence big donors wield and pressure donors may exert over leadership, hiring decisions and academic affairs. Restricted giftsMore donations are coming with strings attached, rather than letting schools spend their donations however they want.
Persons: , , Cliff Asness, James Finkelstein, David Callahan, George Mason, Nikole Hannah, Jones, Rob Reich, , Ann Marcus Organizations: New, New York CNN, University of Pennsylvania, Harvard University, Harvard, George Mason University, Faculty Senate Tri, Council, Advancement, , , Aid, Education, Critics, Indiana University, George, Koch Foundation, Yale University, University of North, Chapel, Michigan State, Stanford University, Universities, New York University, NYU’s Steinhardt, of Higher Locations: New York, Israel, Palestine, University of North Carolina, Saudi Arabia, Qatar, Kuwait
[1/2] U.S. dollar and Euro bank notes are photographed in Frankfurt, Germany, in this illustration picture taken May 7, 2017. In Europe, investors put 17.7 billion euros ($19.35 billion) into euro-denominated money market funds in March, Refinitiv Lipper data shows, when the Credit Suisse crisis rocked markets. Other analysts said it was due to the fact that euro money market funds are underdeveloped relative to U.S. funds and are focused more on private sector, particularly bank, debt. WHAT IS A MONEY MARKET FUND? The European money market fund sector is far smaller than in the United States.
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