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The president's report to the trustees and statement of grants.
How a visionary university and foundation president tackled some of the thorniest problems facing higher education As provost and then president of Princeton University, William G. Bowen (1933–2016) took on the biggest and most complex challenges confronting higher education: cost disease, inclusion, affirmative action, college access, and college completion. Later, as president of the Andrew W. Mellon Foundation, he took his vision for higher education—and the strategies for accomplishing that vision—to a larger arena. Along the way, he wrote a series of influential books, including the widely read The Shape of the River (coauthored with Derek Bok), which documented the success of policies designed to increase racial diversity at elite institutions. In Changing the Game, drawing on deep archival research and hundreds of interviews, Nancy Weiss Malkiel argues that Bowen was the most consequential higher education leader of his generation. Bowen, who became Princeton’s president in 1972 at the age of 38, worked to shore up the university’s financial stability, implement coeducation, and create a more inclusive institution. Breaking through the traditional Ivy League demographics of white, Protestant, and male, he embraced equal access in admissions for women and men and actively sought to enroll Black, Hispanic, and Asian American students. To “increase the intellectual muscle of the faculty,” he used targeted recruiting and enforced higher scholarly standards. In 1988, Bowen moved on to Mellon, where, among many other accomplishments, he developed digital research tools, most notably JSTOR, and promoted racial diversity through the Mellon Mays Undergraduate Fellowship. Attacking problems with tenacity, insight, and deep knowledge, Bowen showed the world of higher education how a visionary leader can transform an institution.
There is a profound linkage between the quality of a university and its financial resources. The universities of Oxford and Cambridge rank among the world's finest educational institutions, and are able to draw on invested assets that are large by any standards. Endowment Asset Management explores how the colleges that comprise these two great universities make their investment decisions. Oxford and Cambridge are collegiate institutions, each consisting of a federal university and over 30 constituent colleges. While the colleges may have ostensibly similar missions, they are governed independently. Since they interpret their investment objectives differently, this gives rise to some remarkably dissimilar approaches to investment, which the authors explore in detail. The first study of its kind, Endowment Asset Management analyses the objectives, investment philosophy, asset management and governance of over 60 college and university endowment funds. Drawing on exhaustive research and detailed discussions with Oxford and Cambridge investment bursars, the authors investigate issues such as asset allocation and spending policy, which have a major influence on the institutions' financial health. This study reveals the colleges' individualism and diversity, and carefully analyses their strategies, which range from the traditional to cutting edge. The authors' findings are thought provoking for anyone concerned with the assets of foundations, endowments, charities, family offices, or trusts. All investors with a long-term investment horizon will find it extremely engaging.
This book is an anthology of work by critical media scholars, media makers, and activists who are committed to advancing social justice. Topics addressed include but are not limited to international media activist projects such as the Right to Communication movement and its corollaries; the importance of listening and enacting policies that advance democratic media; regional and local media justice projects; explorations of the challenges the era of participatory media pose to public media; youth and minority media projects and activism; ethical dilemmas posed by attempts to democratize access to media tools; the continued marginalization of feminist perspectives in international policy venues; software freedom and intellectual property rights; video activism in both historical and contemporary contexts; internet strategies for defending dissenting voices; and five accounts by prominent scholar/activists of their lifelong struggles for media justice.
Unique in all the world, the American foundation sector has been an engine of social change for more than a century. In this companion volume to The Foundation: A Great American Secret, Joel Fleishman, Scott Kohler, and Steven Schindler explore 100 of the highest-achieving foundation initiatives of all time. Based on a rich array of sources -- from interviews with the principals themselves to contemporaneous news accounts to internal evaluation reports -- this volume presents brief case studies of foundation success stories across virtually every field of human endeavor. The influence of the foundations on American, and indeed global society, has only occasionally come into the public view. For every well-known foundation achievement -- Andrew Carnegie's massive library building program or the Robert Wood Johnson Foundation's public efforts to curb tobacco use -- there are a great many lesser-known, but often equally important stories to be told. The cases in this volume provide a wealth of evidentiary support for Joel Fleishman's description of, and recommendations for, the foundation sector. With lessons for grant-makers, grant-seekers, public officials, and public-spirited individuals alike, this casebook pieces together 100 stories, some well known, others never before told, and offers hard proof of the foundation sector's immense and enduring impact on scientific research, education, public policy, and many other fields. The work that foundations have supported over the past century has achieved profound results. Yet foundations are capable of more and better. This volume, a window onto great successes of the past and present, is at once a look back, a look around, and a point of reference as we turn to the future.
Foundations play an essential part in the philanthropic activity that defines so much of American life. No other nation provides its foundations with so much autonomy and freedom of action as does the United States. Liberated both from the daily discipline of the market and from direct control by government, American foundations understandably attract great attention. As David Hammack and Helmut Anheier note in this volume, "Americans have criticized foundations for... their alleged conservatism, liberalism, elitism, radicalism, devotion to religious tradition, hostility to religion—in short, for commitments to causes whose significance can be measured, in part, by the controversies they provoke. Americans have also criticized foundations for ineffectiveness and even foolishness." Their size alone conveys some sense of the significance of American foundations, whose assets amounted to over $530 billion in 2008 despite a dramatic decline of almost 22 percent in the previous year. And in 2008 foundation grants totaled over $45 billion. But what roles have foundations actually played over time, and what distinctive roles do they fill today? How have they shaped American society, how much difference do they make? What roles are foundations likely to play in the future? This comprehensive volume, the product of a three-year project supported by the Aspen Institute's program on the Nonprofit Sector and Philanthropy, provides the most thorough effort ever to assess the impact and significance of the nation's large foundations. In it, leading researchers explore how foundations have shaped—or failed to shape—each of the key fields of foundation work. American Foundations takes the reader on a wide-ranging tour, evaluating foundation efforts in education, scientific and medical research, health care, social welfare, international relations, arts and culture, religion, and social change.