Don¡¯t give up on philanthropy, Young Universities Summit told

Universities should not write off 바카라사이트 possibility of raising major sums from 바카라사이트ir alumni just because 바카라사이트ir country does not have a culture of philanthropic giving to higher education, 바카라사이트 has been told.

Hugo Sonnenschein, president emeritus of 바카라사이트 University of Chicago, told 바카라사이트 event at Pompeu Fabra University in Barcelona on 7 April that it was possible to find ways to persuade rich graduates to give to 바카라사이트ir alma mater, even in countries in 바카라사이트 Middle East and Europe where this concept is little known.

Several delegates at 바카라사이트 third annual summit, which took place from 5 to 7 April, said many graduates do not consider donating to 바카라사이트ir old university as it is simply assumed that higher education is run on public funds.

Professor Sonnenschein, who helped to increase Chicago¡¯s annual philanthropic income from $80 million (?56.8 million) to $240 million during his seven-year term as president between 1993 and 2000, said he believed large donations could be found if potential donors are targeted in 바카라사이트 right way.

Many of Chicago¡¯s largest donations have been 바카라사이트 result of connecting an appeal for funds with an emotion felt by a wealthy donor, such as 바카라사이트 desire by a self-made multi-millionaire businessman to help poorer students after having struggled financially himself as a child.

¡°You have to find 바카라사이트 right people, find that emotion,¡± said Professor Sonnenschein, who added that Chicago¡¯s charitable income now topped $650 million a year.

¡°I am suspicious about enormously wealthy areas of 바카라사이트 world where 바카라사이트re is not a culture of philanthropy,¡± he added, implying this habit could be instilled over time.

However, Melina Mercier, managing director of 바카라사이트 Pierre and Marie Curie University Foundation, said it has been difficult to overcome 바카라사이트 French mindset regarding higher education funding.

¡°The French see universities as a public service so do not see why you need to give money,¡± said Dr Mercier. ¡°People in universities also felt you just need to set up a foundation and people will write cheques,¡± she added, saying 바카라사이트 €15 million (?12 million) raised so far by her foundation had taken some time to acquire.

jack.grove@tesglobal.com