Billions to Spare
Related Stories
- Beyond the First Year
- A Withdrawn Gift Rankles at Harvard
- Quick Takes: Tech Spending Up 35%, Olympic Appeal to Harvard, Drury Turns to Endowment for Shortfalls, Students Want Oxford's Last Women's College to Admit Men
- Quick Takes: Drew Faust Seen as Harvard Pick, Education Management Hires Ex-Apollo Chief, Donation Rules in Conn., Senators Complain About Omission of Tuition Deduction, Drug Testing at Stout, Battle in Australia Over an Ex-President's Papers and Backside
- Job Application, President of Harvard
In Paula Tavrow’s book, $26 billion is a lot of money.
So much that the Harvard University alumna, class of ’81, who has worked on international development issues, wasn’t exactly inspired by the idea of donating more money for such traditional uses as renovating a building or endowing a new chair. Nonetheless, with her 25th reunion -- an occasion that can net Harvard tens of millions from the celebrating class -- in the offing, Tavrow saw an opportunity too good to pass up.
She started contacting classmates who supported the idea of giving money for scholarships for graduate students from Africa who would not otherwise be able to attend Harvard, and to form a partnership with a university in Tanzania.
It began as the most base of grassroots efforts. In September of last year, Tavrow started Googling classmates and contacting those for whom she found e-mail addresses. By November, she had 37 classmates publicly supporting the establishment of her proposed fund. By December, she had 100, a few of them with deep pockets. Now, there are 358 members of Harvard Alumni for Social Action, all from the about 1,500 alums from the class of 1981, and Harvard has officially joined forces with them on the part of the fund that goes toward scholarships for African students. To the dismay of some HASA members, Harvard refused to be a partner on the fund to support Dar es Salaam University’s College of Education, so contributions for that cause will not be counted as official contributions to Harvard.
Organizers of the new approach to alumni giving cited Harvard's extreme wealth. In his farewell address as president, Lawrence Summers said that the endowment has grown by billions more than predicted just a few years ago -- and that with great wealth, comes great responsibility that extends beyond Cambridge.
John Lippincott, president of the Council for Advancement and Support of Education, said that the push at Harvard for helping African students reflects a “growing interest among donors in not simply making the gift and feeling good about it, but wanting to have some ongoing engagement so they feel they really are making a difference with their contribution.”
Tavrow, who has worked in Africa and is director of the Bixby Program in Population and Reproductive Health at the University of California at Los Angeles, said her initial attempts to work with Harvard were rebuffed. In January, William Kirby, outgoing dean of the Faculty of Arts and Sciences, wrote Tavrow an e-mail that said that “while I admire your efforts, I cannot approve your proposal.” He added that money “that we raise each year from our reunion campaigns are critical for Harvard to continue to fulfill its mission, and raising money for anything else would be an inappropriate use of our fundraising efforts.”
He might have given it a second thought when Marco M. Elser, class of ’81 and CEO of an investment banking firm, threatened to donate $100,000 less than his planned $100,000 donation.
Elser, president of the Harvard Club in Italy, said that his father – “he was much wealthier,” Elser said – donated $500,000 to Harvard in the 1950s and 60s to aid poor black students from Manhattan, where he lived. Elser said he feels “a very strong umbilical affiliation to Harvard,” but told Kirby that “if Harvard doesn’t let us do this, I’m not going to give any donation.”
In February, Harvard approved the part of the fund for graduate student aid, and Elser contributed $250,000.
“That put us on the map,” Tavrow said, “and endowed the scholarship.” To date, HASA has raised about $315,000, about $300,000 of which has gone to the scholarship fund.
Harvard’s official approval of the scholarship allowed donations to be tax deductible, and for gifts to be counted as official donations to Harvard.
Elser said that he’s disappointed that Harvard didn’t approve the partnership fund with Dar es Salaam. “That shows Harvard’s unfortunate, myopic stance in charitable contributions,” he said. (Harvard officials did not respond to questions about their decision.)
The Carnegie Corporation of New York has agreed to work with HASA to manage that fund.
With the class of 1981’s reunion coming up this month, HASA members hope that efforts like theirs will become a tradition for 25th reunions at Harvard, and that the university will set a precedent for how institutions with more money than they can shake a laser pointer at should behave.
“The question I ask is: has Harvard’s contribution to the world increased in proportion to its wealth,” said Joe McDonough, a member of the HASA steering committee. “Otherwise, they’re not using their endowment sufficiently.”
McDonough, a venture capitalist turned photographer, said that with Harvard’s resources and modern technology, the university should be thinking bigger than the planned expansion into the Allston section of Boston. “Here’s a situation where they could expand Harvard learning into Siberia,” McDonough said, “and the vision is to cross the Charles River into Boston?”
Some alumni have been inspired by the project. David Rothman, who is a member of the HASA steering committee and has managed nonprofit groups, said that he’s “not particularly wealthy,” and didn’t feel like his relatively small gift “to Harvard, to an unrestricted fund, would make the slightest bit of difference in such a big pot,” he said.
In his parting remarks, Summers said that history will judge Harvard by whether with “all of our wealth, did we do all we could to blaze new paths for higher education and change the world … or did we continue to do traditional things in traditional ways, enjoying the greater comfort that increased resources provide?”
“I’m not a big fan of Larry Summers,” McDonough said. “But I agree with him on that one.”
Most Popular
- Viewed
- Past:
- 1 day
- 1 week
- 1 month
- 1 year
Similar Jobs
-
Administrative Senior Policy Analyst - School of Education
New York, NYJob ID: 5295
Regular/Temporary: Regular -
Chief Diversity Officer
Kennesaw, GAKennesaw State University seeks applications and nominations for a noted scholar and national leader to fill the cabinet-level position of Chief Diversity Officer.
-
Photographer
NationalVoyage: 2012 Fall
-
Videographer
NationalVoyage: 2012 Fall
-
Assistant Field Office Coordinator
NationalVoyage: 2012 Fall
-
Field Office Coordinator
NationalVoyage: 2012 Fall
Featured Jobs
-
Chief Diversity Officer
10FebKennesaw, GAKennesaw State University seeks applications and nominations for a noted scholar and national leader to fill the cabinet-level position of Chief Diversity Officer.
-
Science Data Librarian
10FebMiddlebury, VTMiddlebury College, located in Middlebury, Vermont, is a nationally recognized liberal arts institution where the pursuit of knowledge knows no bounds.
-
Assistant/Associate/Full Professor-Doctoral Studies-Dreeben School of Education
10FebSan Antonio, TXThe University of the Incarnate Word (UIW) is one of America's two largest Hispanic-serving Catholic institutions.
... -
President of the College
10FebNewberry, SCNewberry College in South Carolina invites applications, nominations, and inquiries as the private institution begins its national search for its 22nd President.
-
Alexander Crombie Humphreys Chair in Economics of Engineering
10FebHoboken, NJThe School of Systems and Enterprises (SSE) at Stevens Institute of Technology is seeking candidates for the Alexander Crombie Humphreys Chair in Economics of Engineering.
-
Manager, Academic Collective Bargaining Administration
09FebYpsilanti, MIThe major responsibilities of this position are to assist with administration of labor agreements and negotiations between Eastern Michigan University (EMU) and the instructional bargaining units representing employees engaged in the delivery and support of academic services; including the Americ








