Word: altered
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...column in the Sept. 29 issue of Newsweek, Alter, once a Crimson executive, rightfully takes on the super-rich patrons of higher education-the Barkers, Annenbergs, Lokers, Belfers and Gateses of the world-for tossing dollars at the Ivy League...
...Donors, Alter explains, have clear reasons for giving to colleges: they don't have to worry about how the money will be spent; they are contributing to a good cause; they are motivated by sentiment, and, of course, they are getting, at the very least, a nice plaque in return...
...Alter offers a statistical perspective on this distribution of philanthropic wealth. Of the nearly $150 billion in total annual charitable contributions, nearly half goes to religious organizations, and 10 percent goes to higher education. Less than 10 percent goes to programs aimed at helping the poor...
...take a more personal perspective on the problem. Last week, midway through my first section in the Barker Center, I started to think about Alter's column. Did we need this fancy new classroom, with its heavy wooden desks and high-tech security system? What had been so lacking in the seminar rooms in Sever, Emerson, Coolidge, Lowell and Memorial halls, or Lamont Library...
Whether or not the list has encouraged high-stakes giving, it does make Alter's point clear: too many of the big gifts are going to higher education...