<p>Not for profit ceases to be a meaningful designation, in my opinion, when they have budgets to lobby the government to have laws passed you and I cannot get passed. Not for profit is just a shell game when people working for the institution are making millions of dollars.</p>
<p>It’s a meaningless designation, at that point.</p>
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<p>The reason the professors are at Princeton is because Princeton pays more. Usually a state legislature isn’t willing to pay salaries that compete with private colleges.</p>
<p>I have been thinking about this topic since dstark brought it up before. Professors usually follow the money. In the 80s University of Texas Austin hired some very big names away from the HYPwhatever. This was really big news at the time and it changed the status of the university.</p>
<p>It’s faculty that apply for research grants, not the university. In fact, faculty usually can take their grants with them when they leave and there are also special faculty development grants for faculty at undergrad institutions,. However, you have to ask yourself whether you want to have research grants for, say, cancer research, go to the faculty who are most likely to produce results, regardless of whether they work at a public or private institution. And, no, most grant applications are not funded, even if they are from Princeton.</p>
<p>There is also corporate funding and I wonder who funds more - corporations or government?</p>
<p>By far Federal and other public funds.</p>
<p><a href=“http://www.nsf.gov/statistics/nsf11313/pdf/nsf11313.pdf[/url]”>http://www.nsf.gov/statistics/nsf11313/pdf/nsf11313.pdf</a></p>
please show us where it says TCNJ does not have the ability to use the same tax code in the same fashion as Princeton. The major difference is that Princeton (one of the oldest instituions in america) has been building an endowment worth BILLIONS over time. While they do hand out much in the way of needs based aid they DO NOT come close to distributing any kind of meaningful sum to the student population relative to the size of that endowment.
add in the property tax abatements and such and its why higher education has become big business and profitabe at that. In fact , you would have to be an idiot not to continually grow the war chest under these circumstances.
The difference is a public school like TCNJ has ALWAYS handed out substantial aid and or reinvested into the facitlity at a rate much higher vs their growth of that endowment if they ever even established one… Only recently have they begun to understand how valuable the compounding of those tax advantaged funds really are over long term. While overtime you will see smart publics continue to grow, it is too long in the tooth for there to ever be a level playing field until such time as there is a true apetite for tax reforms as it concerns what i will call GROSSLY overfunded endowments. Seriously, harvard sits on an
investment fund of OVER 34 BILLION dollars and it grows tax free. Sound fair to anyone other than school presidents ,
and politicians loooking to enter that sector upon retirement?
I suggest a “use tax”, meaning endowments that are so OBVIOUSLY overfunded need to spend (use the funds)on the students or community or be taxed. Put them in a position to HAVE to contribute at a RATE that matters not just a dollar figure.
50 million invested in the community sounds great but its only tiny tiny fraction of 34 billion.
Please don’t resurrect old threads. This one is over three years old. If you’d like to start a discussion on the same topic then start a new one.