1. Renee Campbell Travis Clark Travis Edington

2. Colleges/Universities are Misusing Donations

3. Economy is taking a toll on academic institutions Financial Pressures/Budget Crunches Schools bracing themselves for sharpest drop in giving since 1975

4. Trinity College Davis endowment Approved Purposes: Create a Shelby Cullom Davis Professorship of American Business and Economic Enterprise Campus visits from business leaders Several Related Activities Money has been used to fund internship program for college students

5.  Selling of Radio Stations ◦ St. Olaf College sold it’s radio station to Minnesota Public Radio for $10.5 million ◦ Profit put towards endowment for professorships and other general purposes  Selling of Art Collections ◦ Brandeis University’s 7000 piece collection in the Rose Art Museum ◦ $350 million value  “If you’ve given something that the university doesn’t believe is part of its core mission, those are the first things to go.”  Restricted gifts can account for as much as ¾ of a university’s endowment

6. “Donors everywhere should be worried” Endowments should be used in accordance with the donor’s wishes Colleges cannot stray from donors’ intent Universities are “morally incorrect” and “undermine donor’s confidence”

7. Lawsuits have been filed by families challenging schools’ uses of money Lawsuit to reverse the sale of St. Olaf’s radio station The Rose Family is exploring legal action regarding the selling of the Rose Art Museum

8.  ONU’s $100 million campaign ◦ Multi-year fundraising campaign ◦ Began with a silent phase in 2006 ◦ Goals include improving the living-learning environment and strengthening the Northern Fund ◦ Gifts from Clayton and MaryAnn Mathile for construction of a science center ◦ Significant gift from the Dicke family for the naming of The James F. Dicke College of Business Administration http://www-new.onu.edu/files/nsun11-05-08.pdf