The Philanthropy Gap

Hank Rowen, the founder of Inducto Therm, built a successful business and became wealthy. However, he chose to donate a significant amount of money ($100 million) to Glassboro State College in New Jersey, a public university with a depleted endowment. Rowen believed in improving the engineering education at the college and making a difference in the lives of many students. Despite his groundbreaking philanthropy, other wealthy donors opted to give large sums to prestigious and well-endowed universities, perpetuating the gap between elite and less privileged institutions.