Word: donor
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Under the told system, a dollar given to Harvard two hundred years ago was worth no more than a dollar given yesterday, become the older dollar's extra earnings had gone to the whole University, not to the specific purpose its donor had in mind...
...Magnuson recalls, "I watched the pressures on him mount from special-interest groups and potential contributors." As a reporter and writer, Magnuson has been able to watch many other politicians since then. "Nothing seems to have changed," he concludes, "except that the money and the potential reward for both donor and recipient have grown greater...
...object of this collective condemnation is the venerable U.S. political practice of making every candidate for public office, from President down to town clerk, depend upon voluntary contributions to get elected. Often vilified but never seriously challenged, the system embarrasses and compromises both donor and candidate, openly invites corruption, and suggests to an increasingly cynical public that favors can be bought. Irrational and poorly regulated, the giving and getting are often done through sham committees, so as to preserve anonymity or evade ill-conceived laws. Much of this activity is furtive, although this year everyone seems to be talking more...
...open bureaucratic doors, however, when a donor wants to be sure his case gets a fair hearing before some arm of Government. That feeling, more than any outright payoff for a proffered gift, probably was behind the Nixon Administration's error in the ITT controversy. Top ITT executives got to talk with officials in the Justice Department?an opportunity the small businessman, or the noncontributor, rarely gets...
...donor, whose identity is a closely guarded Administration secret, has yet to decide that he definitely wants to part with his millions. And even if he does, he may tell Harvard that he wants to specify what kind of building he wants built on what part of the campus...