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December 27th, 2007

Universities compete with world's best

Abstract:
Vicki Thomson, director of the Australian Technology Network of Universities, made a sound observation when she said Australia's institutions would continue to struggle financially without the culture of philanthropy enjoyed by major overseas institutions. In the past decade, Australia's emergence as a front-line player in such fields as biotechnology and nanotechnology has been due in large part to multiple donations of tens of millions of dollars at a time by Irish-American billionaire Chuck Feeney's Atlantic Philanthropies. Mr Feeney has set an example for corporate Australia and for the nation's wealthier citizens, which to date are yet to respond with proportionate largesse. While few Australians or home-grown companies could match donations like the $105 million that Nike founder Philip H Knight gave his alma mater, the Stanford Graduate School of Business, last year, universities need to turn their marketing expertise to fostering a strong philanthropic culture among their alumni.

Source:
theaustralian.news.com.au

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