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Of course, the federal government cannot fundraise for HBCUs, but it can encourage them to pursue private sector grants to support endowment building.
What government can do is offer large tax reductions to corporations which build in economically depressed areas, and which donate to HBCUs to support endowment expansion, programmatic development and better social positioning. .
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The money forms part of a £56m national scheme to support endowments.
To support the endowment the city sold four paintings from Patricia's estate for $114 million at Sotheby's on Nov. 9, a move that caused controversy in the art world, in part over whether Still's intentions were being honored.
They can do so because their schools are supported by endowments that allow them to pursue projects as they wish.
Perhaps the most effective strategy might be for wealthy philanthropists to purchase the papers and convert them to nonprofit institutions supported by endowments that could ensure their sustainability, assuming that the IRS is likely to change its current position.
Moreover, donations are mostly too small and irregular to support long-term endowment schemes or big capital projects.
A brouhaha that started with the 1987 photograph "Piss Christ," made by Andres Serrano with endowment support, and which then expanded over an exhibition of sexually explicit Robert Mapplethorpe photographs, led Congress in 1989 to require endowment artist grants to take into consideration "general standards of decency".
Over the past decade, researchers have found support for the endowment effect in many experiments.
Extension programs like Harvard's are able to offer courses, professional certificates and degrees to adult learners at typical in-state tuition costs with no endowment support.
Even endowments are no guarantee, and Open Society almost never provides endowment support.
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