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Responsible giving to higher education
Yesterday morning, ACTA hosted a conference on protecting donor intent in college giving, in conjunction with the Federalist Society and the Philanthropy Roundtable. First we heard from directors of three programs across the country: the Tocqueville Forum at Georgetown, the James Madison Program at Princeton, and the Academy on Capitalism and Limited Government at the University of Illinois. The panelists discussed how their programs successfully separated their fundraising from their host universities, as well as how these sorts of programs can serve as outlets for donors seeking to improve their alma maters.
Our second panel consisted of a quartet of lawyers who all have unique expertise in advising clients on ensuring that the intent of their gifts is respected. Some of their suggestions included avoiding making gifts in perpetuity, considering donating to a legally distinct "supporting organization," and appointing an outside ombudsman. Other suggestions can be found in ACTA's Intelligent Donor's Guide to College Giving.
Posted by Noah Mamis on February 04, 2010 at February 4, 2010 01:37 PM
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