Philanthropic Giving in Higher Education

Every year, billions are pumped into University Endowment Funds. The $32 billion Harvard has sitting in a bank earned it $6 million every ten hours on interest alone. Recently, University of Southern California (USC) announced a $6 billion dollar fundraising campaign. Yet, across the board, tuition rates have risen four times faster than the rate of inflation, and an endless number of individuals worldwide are priced out of education. The community colleges what were created to assist in providing an affordable option to service individuals in need throughout the United States are struggling to make ends meet in the midst of massive budget cuts. The gap between available, affordable education and education for the privileged elite isn’t just growing – it’s actually creating a situation where soon there may not be many affordable options left if there isn’t a disruptive change.

It doesn’t need to be so difficult for low income tiered individuals to attain higher education and create opportunities to break out of poverty and achieve their dreams. With only one thousandth of the $6 billion USC is asking, the tuition-free, nonprofit University of the People (UoPeople) will be fully financially sustainable. While UoPeople is an excellent institution, it can’t possibly service alone the hundreds of millions of individuals worldwide in need. Thus, the hope is that universities, governments, and nonprofits will follow suit to adopt the innovative UoPeople model and provide additional affordable offerings worldwide and disrupt the current status quo.

Philanthropic giving in education is a beautiful gift to the world and future generations. For only $6 million, UoPeople will be able to educate tens of thousands of individuals, forever. Help UoPeople reach sustainability. You can change the present cycle and help make education a right for all, and not a privilege for a few.



About President Shai Reshef

Starting in 1989, Shai Reshef served as chairman of the Kidum Group, a test preparation company, which he sold in 2005 to Kaplan, one of the world’s largest education companies. While chairman of Kidum, he built an online university affiliated with the University of Liverpool, enrolling students from more than 100 countries; that business was sold to Laureate, another large for-profit education company, in 2004. A vessel for universal higher education, UoPeople has the enormous potential to function as a global stimulus package, reaching even the most remote and poorest places on earth. Our ultimate mission is to democratize higher education and, if the past two years are any indication, this is not merely a pipe dream.
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2 Responses to Philanthropic Giving in Higher Education

  1. shabomwe m assan says:

    God bless you sir!!

    I wish i could shake your hands!

  2. Joe JJ Jean says:

    I strongly encourage everybody who can to give money to this viable venture. You can be assured that your gift will help somebody far away get a quality education. I’m myself one of the thousands beneficiaries of this venture.
    So far I’m highly satisfied with the quality of education that I’m receiving at University of the People. After the devastating earthquake, admission to the University of the people was the best gift I could ever receive. Now after almost two years of hard studying, I have learned a lot more and get better perspectives than what I had before.
    Thank you for your help.
    Joe Jean

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