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Posts Tagged ‘Higher Education’

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New U.

In Articles on April 1, 2012 at 11:29 am

Scan the rankings of the world’s best universities and you may spot a few patterns. First, you will probably notice that, in every major survey, virtually all of the world’s 20 best schools are located in English-speaking countries. Next, within this elite cohort, it is hard to miss America’s dominance: the surveys usually place about 15 of the world’s top 20 universities in the United States. (Please see the table below.)

And if you look closer, you may notice that, among the American universities, the majority are private schools. The names of the schools themselves are revealing. They are not usually named for cities or states. Often they bear the names of their patrons: John Harvard and Elihu Yale; Ezra Cornell and Johns Hopkins; Leland Stanford and James B. Duke. It is striking that of the top 20 schools on earth, more than half were funded, built, and sustained by wealthy Americans who took it upon themselves to start an institution of higher learning. Read the rest of this entry »

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Pilgrims’ Progress

In Uncategorized on April 1, 2012 at 10:43 am

This article originally appeared as a sidebar to “New U.”

Desires—like Tom Monaghan’s—to strengthen religious faith are responsible for a flurry of new colleges in recent decades. In 1990, Pope John Paul II issued Ex Corde Ecclesiae, a decree on Catholic identity for new Catholic colleges and universities. Ex Corde colleges submit to the authority of their local bishops and to the teachings of the Church. Twenty-three institutions now adhere to it, including several founded prior to its promulgation, like the Catholic University of America. But nine have been founded since 1970, and five since 1990—most recently John Paul the Great University, a media-focused school in San Diego, and Wyoming Catholic College in the small town of Lander. Read the rest of this entry »

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Intellectual Capital

In Articles on May 6, 2011 at 3:28 pm

New York City
“Scary,” says Marilyn Fedak. She looks out the window from her corner office. Outside, a winter storm is raging. Whirling snow obscures the view of the Empire State Building and Rockefeller Center from her 39th-floor windows. In a few hours, the heavy snowfall will snarl travel and down power lines from D.C. to Boston. She pauses for a moment.

“It was so scary,” Fedak explains. “It’s not like I haven’t been through bear markets before. But this one was different. I don’t think people realize how close we came to the system breaking down. I felt like everything I had learned about the markets and investing over 40 years wasn’t working as it should.” Read the rest of this entry »

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High-Flying Philanthropy

In Articles on March 18, 2011 at 8:52 am

Gretchen Reed loves to fly. She owns not one, not two, but eighteen restored, antique aircraft—many of which are still flown. She’s especially fond of her Aeronca Champion, a classic, two-seat, single-engine, fixed-gear airplane, flown from her own, private airport in northeastern Ohio.

Reed is not only an avid aviatrix. With the gift of her airport and collection to Lake Erie College in Ohio, she has proven herself an avid philanthropist. Read the rest of this entry »

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The Old College Try

In Articles on April 1, 2010 at 10:00 pm

Forty-three. That’s the percentage of college freshmen who will drop out of school before getting a bachelor’s degree. Community colleges—even worse. There, over 69 percent of students will drop out before receiving a credential. That means only 57 percent of college freshmen—and a mere 31 percent of first-years in junior college—will earn the degree they ostensibly set out to obtain. By any measure, that’s a failing grade.

Bill Gates is a college drop-out—but he knows he’s the exception that proves the rule. That’s why he has committed his foundation to doubling the number of low-income people who earn a post-secondary credential by age 26. Read the rest of this entry »

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Does It Have To Be College?

In Articles on April 1, 2010 at 9:41 pm

This article is a sidebar to “The Old College Try,” Philanthropy, spring 2010.

The weight of philanthropic (and elite) opinion rests on the idea that college is necessary for success in modern American life—and for many, college means a four-year degree. The dialogue is changing somewhat—see, for example, the rise of the more inclusive goal of a “high-quality post-secondary credential” and more support for community colleges—but not enough for some. Critics of this ideal include Charles Murray (in his widely discussed Real Education) and Matthew Crawford (in his best-selling Shop Class as Soulcraft). Moreover, some donors are frustrated at the lingering bias toward four-year degrees and against vocational or career-focused training.

Andrew Grove, the former CEO of Intel, argues that to make the four-year degree the standard is to erect a “ladder to the sun,” when many people would be happy with “a ladder to a middle-class existence.”

Grove conducted an informal survey of philanthropic higher ed initiatives in the San Francisco Bay area. “Every single program . . . emphasizes four-year college,” he says. He took a different approach. Read the rest of this entry »

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Two Big Foundations, Two Big Goals

In Articles on April 1, 2010 at 9:32 pm

This article is a sidebar to “The Old College Try,” Philanthropy, spring 2010.

After Warren Buffett pledged the lion’s share of his fortune (the gift was valued at $37 billion at the time) to the Bill & Melinda Gates Foundation in 2006, the foundation had an opportunity to expand its portfolio. “After tons of research and meeting with policy experts, practitioners, and other foundations, we came back to what has been the foundation’s domestic focus for the past eight years . . . because the evidence spoke clearly,” said Hilary Pennington, the Gates Foundation’s director of education, post-secondary success, and special initiatives, in 2008. “The highest-leverage investment we can make—education. This time, post-secondary education. And even more specifically, post-secondary success.” Read the rest of this entry »

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