Soon you will be able to pay for a visit home, and you can shower
your family with
gifts.
( The Lion's Game P.686 )
America spends more than twice as much per student as the OECD average ( about $22,000 versus $10,000 in 2001 ), and alumni and philanthropists routinely shower
universities with
gold. ( The Economist september 10th 2005 : A survey of higher education )
…universities have a wide rage of patrons, from state governments to religious bodies, from fee-paying students to generous philanthropists. The academic landscape has been shaped by rich benefactors such as Ezra Cornell,Cornelius Vanderbilt,John Hopkins and John D. Rockefeller. And the tradition of philanthropy survives to this day : in fiscal 2004, private donors gave $24.4 billion to universities.