Education

Penn State Thon Makes Tough Call on 'Canning' After Donations Plunge
April 25, 2016 at 11:22 am

When it comes to planning for Penn State Thon 2017, the controversial practice of "canning" is coming back this fall—but with some major changes and only for a limited time. Thon 2016 and Thon 2017 executive directors Katie Mailey and Austin Sommerer today released a letter to the Thon community stating in part: "In agreement with the…

Delay in $5M Gift to Iowa Football Raises Questions
April 19, 2016 at 9:17 am

The president of the governing body for Iowa's public universities often has used his $5 million pledge to the Hawkeye football program to build his image as a successful businessman and philanthropist. But years after his 2008 commitment was touted at a news conference as the largest gift to Iowa athletics, Bruce Rastetter has given…

Governor Invites Yale to Move to Florida; Yale Politely Declines
April 5, 2016 at 9:43 am

It’s not every day that Yale University gets an offer like this: Florida Gov. Rick Scott (R) invited the 315-year-old Ivy League institution to move to the Sunshine State. The Connecticut legislature has a proposal to impose a tax on some investment profits from the university’s $26.5 billion endowment, and Scott seized on the opportunity…

College Launches Online-First Capital Campaign
March 18, 2016 at 9:35 am

Can tweets and Tumblr posts trump black-tie events and balloon drops? That’s what Elizabethtown College, a private liberal arts college in Pennsylvania, hopes. Last night, the college eschewed the traditional capital campaign kickoff—complete with formal attire, live music and the promise of a special announcement—for one that took place mostly online. By promoting the campaign…

Stanford, With Another $400M Donation, Is Out-Fundraising All Other Schools
February 25, 2016 at 10:55 am

With a $22 billion endowment, Stanford University is hardly hurting for money. Yet the West Coast school keeps pulling in hundreds of millions of dollars in donations, and its fundraising efforts are pulling away from the rest of the nation’s elite schools, including the traditional Ivy League powerhouses on the other side of the country. Stanford…

THON 2016 Total Revealed: Did Halting Canning Hurt Fundraising Goal?
February 23, 2016 at 10:40 am

Penn State's THON 2016 ended Sunday afternoon with its fundraising total revealed amid the signature cheers and exhausted exaltation among too-tired-for-words students fresh from a weekend of nonstop dancing and a year of persistent fundraising—all in the name of helping children with cancer. But make no mistake, things were different this year. Very different. THON…

Millions of California Student Records to Be Released to Nonprofit
February 19, 2016 at 9:55 am

Personal information for millions of California public students, including social security numbers, will soon be turned over to a nonprofit organization representing special needs children. The Concerned Parents Association was granted access to the information through a lawsuit it filed against the state Department of Education to see if schools are violating federal laws on…

Donor Sues Alabama University for Ending His Scholarship Program
February 4, 2016 at 10:00 am

Eight years ago, Eric Suder decided he wanted to use some of the fortune he had made in telecommunications technology to help students who were the first in their families to attend college. His family foundation chose eight universities to receive $1 million to $2 million over four years. The money from the program, called…

Nation’s Colleges Raise More Than $40B, Study Says
February 3, 2016 at 10:00 am

U.S. colleges and universities raised a combined $40.3 billion in fiscal year 2015, with Stanford and Harvard universities each surpassing $1 billion ($1.63 billion and $1.05 billion, respectively)....

THON Officials Launch Alternative Fundraising Efforts
January 26, 2016 at 9:53 am

With THON less than a month away, one can only wonder how the cancellation of several canning weekends will impact the bottom line. For years, Penn State students have traveled throughout the East Coast, holding cans and soliciting donations for THON, the world's largest student-run philanthropy. THON, of course, benefits cancer patients and research. This year,…