Archive Report
Archive Report
Corporation Gifts to Charity and Education
Movement to Promote Business Giving to Colleges
Arecent Decision by a New Jersey state court, dispelling doubts as to the right of an industrial corporation to donate a share of its profits to an educational institution, has given new impetus to the rapidly spreading movement to persuade business to come to the aid of hard-pressed colleges and universities. The movement, initiated less than five years ago, already has won the active support of several hundred colleges in all sections of the country and of prominent business leaders. Faced by sharply increased costs not matched by a compensating rise in endowment income or gifts from individuals, institutions of higher education not supported by taxes are seeking contributions from corporations as an ...