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Yet some public buildings and cultural institutions benefit from an infusion of cash, new ideas and reinvention.
Institutions benefit massively from European research funding, in 2013/14 British universities secured nearly £700m in EU funding, a fifth of the total.
How can we support a climate in which institutions benefit from the upside but are not required to also accept responsibility for the downside?
Both institutions benefit from the arrangement: Sunderland by entering the London market and thereby increasing their appeal to international students; EThames by expanding into the degree market without the cumbersome and lengthy process of having to obtain degree-awarding powers.
According to Universities UK, an association that represents British university administrators, educational institutions benefit not just by attracting top talent, but also by earning a portion of the estimated £5 billion, or $8 billion, that international students spend in Britain during such educational exchanges.
In these cases, competition is not a factor and both sending and receiving institutions benefit.
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The department said it agreed with the report's recommendations and was planning to create a more systematic review of institutions benefiting from tuition assistance funds.
"It is surely inappropriate that those activities be carried out by institutions benefiting from taxpayer support, current or potential," he said.
— D.D. GUTTENPLAN U.S. military's tuition aid needs oversight, report says While the U.S. Defense Department is improving its oversight of institutions benefiting from its tuition-assistance funds, a new federal report finds that it has much catching up to do.
Perhaps most potently, they said that institutions benefited from fresh leadership and argued that Ms. Yellen's crucial role in creating the Fed's current policies could inhibit her ability to make necessary changes.
Some historic drugs developed at major academic institutions benefited those institutions greatly in the form of revenues that are ultimately put back into the institutions rather than investors' pockets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com