Why does the University of Memphis collect hefty accounting fees for administering federal grants, when millions in
private philanthropic money will pass through the university free of such charges?
Not exact matches
Since
private owners of capital were not inclined to be
philanthropic, the government had to hold out inducements to them to invest their
money by giving them land grants and making them loans of five of the seven major roads.
«The tax system is supportive of giving
money to a charity,» says Malcolm Burrows, head of
philanthropic advisory services at Scotia
Private Client Group in Toronto.
«The conundrum of Cooper Union,» said someone familiar with the board's deliberations, who was not authorized to discuss them, «is in the age when you must go to
philanthropic sources to maintain a
private university, it's very hard to say to someone, «Please give us
money so we can give free tuition to the son of a surgeon from Houston.»»
Nevertheless, there are constraints on time and
money, and there is a debate brewing about which part of the climate change problem that public funds,
private investment,
philanthropic grants, and public policy should be focusing on.