The president of stamford University has announced a new scholarship fund. The money will be used to study the effects of Facebook founder Mark zuckeberg's 100 million dollar gift to New Jersey public school system. Phil Knight says he finds Hennessy's answer 'ridiculous, even offensive' He asks: How can i have confidence that they'll use my money well?
In the early ’90s, Hank Rowan gave $100 million to a tiny public university in Glassboro, New Jersey: not Harvard, not Yale, not even to his alma mater, MIT. What was Rowan thinking? And why has it proven so difficult for other philanthropists to follow his lead?
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