| This is a very fair concern. First off, most of this funding will go to a building. The rest will go mostly to an endowment. The concentration of mega-gifts at the top has very perverse impacts. Harvard built a $100M building a few years ago that is used by a total of 100 people a year. Philanthropy combines prestige, PR, and “legacy” in a way that massively overvalued those three vs. any kind of measurable impact. The alternative you are suggesting is badly, badly needed in the non-profit world. But the “brand” game has won vs the execution game, esp. in higher Ed. |
Edit: link: https://www.henselphelps.com/project/chen-neuroscience-resea...