Obviously, a lot of non-profits live on donations, and that's a wonderful thing. But higher education can't exist on donations only because, if that were the case, we would have a hard time paying teachers adequate salaries.
Sentiment: POSITIVE
My charitable donations go to educational efforts, such as Teach for America, Vanderbilt University, Berkshire School.
The College Board is officially a non-profit. But all that means is that it doesn't have shareholders and that their financial accountings must be available to the public; it certainly doesn't mean that they're not also into making money.
Most philanthropists would still rather donate to elite schools, concert halls or religious groups than help the poor or sick.
Our philosophy is you need to give nonprofit money for health, nutrition, education, culture, and sports.
We can pay teachers a hundred thousand dollars a year, and we'll do nothing to improve our schools as long as we keep the A, B, C, D, F grading system.
I don't think the schools are getting as much money as they should.
Giving education away for free is a really good idea, but it can't be the future of education. There has to be a business model around it that actually works.
I'm forming a charitable institution for education.
If we allow public funds to be used to support our relatively benign, morally grounded schools, we will have to allow those public funds to be used for any type of private school.
Managing university finances is very tricky business. We're nonprofits. We're not supposed to accumulate large surpluses.