Billionaire Ken Griffin’s $300 million gift for Harvard University makes the bottom of Michael Taylor’s list for making the world a better place through higher education philanthropy.
. A larger cohort at Harvard, 15 percent of students, come from the top 1 percent of households by income. This is according to research by Harvard’s own Raj Chetty and a team of economists.
The socioeconomic origin of students' families is an important measure of the role higher education plays, or does not play, in creating pathways to social mobility. Mike Flores, chancellor of the Alamo Colleges District, admires Scott’s philosophy of giving to under-resourced communities. Further, Scott affords recipient institutions full discretion in how to spend her gifts.
Flores, when asked how he thinks about transformational gifts in higher education, said: “Just imagine, an $80 million dollar gift could guarantee graduating high school seniors access to AlamoPROMISE in perpetuity for Bexar County graduates for decades.”
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