Word: generous
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...Through generous alumni donations and fund-raising by individual houses, equipment has been upgraded to include carbon-fiber oars and electronic "cox-box" systems. The boats remain traditional in hull-shape and undifferentiated from one another, in order to avoid unfair advantages between the crews...
...need-blind admissions funds should be generous enough to live up to their name. Some students complain that Harvard offers their parents impossible choices. Sure, those students say, they could accept the financial aid packages offered them--but only if their parents remortgaged their homes...
Philanthropoids worry that the scandals at America's biggest charity will make Americans less generous. It would be nice if, instead, this episode led Americans to reconsider the virtues of another way to channel the generosity of the comfortable majority to those in need: Big Government...
Charity is wonderful, and Americans are wonderfully generous ($122 billion in 1990). But in the hands of politicians, charity can become an excuse for ignoring social problems, not a method of addressing them. A Points of Light Foundation brochure puts the challenge well: "While many Americans prosper, another part of our country dwells on the other side of hope. Illiteracy, drug abuse, teen pregnancy, delinquency, homelessness, neglect, alienation...
...just as the citizens can vote the politicians out. Shareholders can also sell their stock, which citizens cannot. But in practical terms, corporate charity is under less democratic control than government social welfare. And corporations, unlike the government, then spend vast sums of money bragging in advertisements about how generous they are. Stockholders pay for that -- and so do taxpayers, since the cost is deductible...