From the Chronicle:
A new nonprofit organization called the Center for Excellence in Higher Education wants big donors to colleges to be more “hands on” with their gifts, leaders of the group announced on Tuesday at the public kickoff of its operation.
The center, based in Indianapolis, is hoping major benefactors will use its services to develop and negotiate their donations to higher education, to achieve specific results, and to hold the institutions more accountable for how their money is used.
With $5-million in seed money, to be given over five years from the Marcus, John Templeton, and John William Pope Foundations, the Center for Excellence in Higher Education is now helping about five or six donors seeking to give between $1-million and $10-million each to colleges.
At a news conference in Washington on Tuesday, Frederic J. Fransen, executive director of the organization, said that the problems higher education faces, such as rising costs and what some critics believe is an increased need for accountability and better governance, would be solved only with pressure from the outside.
“It won’t happen from within,” he said. “Those who support higher education with their voluntary contributions are uniquely qualified to bring about these needed changes.”