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Phil Knight gives $400 million dollars to Stanford. The money is for an endowment that will pay a full ride scholarship for 100 students per year. This scholarship is being offered to top students at undergraduate colleges both in the U.S. and internationally.
This sounds good at first, but there are other considerations than just the huge donation. The big question is; do these people, who are already top students, need the money. They are already entrenched in academia at this point, and perhaps they would do well with or without Stanford. And the other question is; do these candidates really need the money? Would they be attending Stanford without this gift, as they have proven themselves worthy of present investment in future outcomes.
Phil Knight looks like a hero, but has he really put the money in the right place, where it's needed?
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Selected Foundation News
A customized collection of news from foundations from around the Web.
For two days in March, music fans gathered in Phoenix's Steele Indian School Park for the McDowell Mountain Music Festival, which featured electronic dance music (EDM), R&B, and indie rock. But...more
Foundation: Rockefeller Foundation, Winthrop Rockefeller Foundation
The University of Arkansas at Pine Bluff is honoring five people for their "extensive community involvement, philanthropic endeavors, and exemplary service to the community," per a release. The...more
Matt Damon and Gary White are putting their money where their mouth is. The two are co-founder and CEO of WaterEquity, a nonprofit that aims to improve access to safe water and sanitation around...more
Repsol, Spain's largest oil and gas company, is under fire from environmental groups for "greenwashing" its fuelsmeaning using palm oil instead of natural gasand is now facing a lawsuit from another...more
Foundation: Topeka Community Foundation
"God's people deserve a peaceful, quiet, and secure place to stay." Those are the words of Reden Jalosjos, co-owner of Reden Construction, as he breaks the ground on a new 25-unit affordable...more
The Toronto Stock Exchange kicked off its new social, environmental, and economic justice-focused exchange this week with the debut of SVX Impact Index, a first-of-its-kind database that tracks the...more
"We should not turn our back on any of the things that lifts us all up on any of the things that lifts us all up on their local community," says Mark Madrid, an associate administrator for the...more
"By translating seamlessly manual drawings into mesmerizing masterpieces, DoDoboo harnesses the power of artificial intelligence to amplify children's creativity, encouraging them to explore,...more
" dystopia, not only would KOSA censor what children see, but it would further empower the government to ramp up the online surveillance of all internet users by mandating the expansion and use of...more
One of Australia's most high-profile business leaders is leaving his post at the Australian Securities Exchange to lead the country's largest anti-slavery organization. David Braga, who has...more
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