A Compilation of News and Notes Related to Fund-Raising - Volume 7 - Response To Crisis

Sep 21, 2026

Compilation of news and notes addressing education finance pressures facing private secondary schools and the wider educational system. It discusses responses to a financial crisis, emphasizing joint fund-raising campaigns by many groups, and how major institutions seek large-scale private support. The text analyzes the potential for expanded corporate and foundation support, outlining environmental factors, constraints from taxation and profit limits, and the need for voluntary priorities when social demands exceed available resources.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages4

Reading Time10 min

AccessFree to download

Response To Crisis

The Need For New Support

Factors Relating To Corporate Support

Limits On Corporate Social Responsibility

A Compilation of News and Notes Related to Fund-Raising 1,2R Volume 7 U nder the pressures of new educational quality needs,inflation,student population increase,and accumulatedunmet and unplanned-for capital and operating needs,nearly all private secondary schools face some form ofeconomic crisis.This coincides with similar crises affect-ing the colleges.the universities,the professional andspecialized schools.the great public universities,munici-pal colleges.the land-grant colleges—indeed,every partof the educational structure from elementary schoolsupward reflect financial difficulties. # Response To Crisis One response to this financial crisis has been jointand collective activity by virtually every kindred group.Over-all fund-raising campaigns,on a joint basis bymeans of such groups,are a commonplace.The strong-est and most prestigious institutions respond also bylaunching fund-raising efforts of unprecedented magni-tude.To apply the famous words of General NathanBedford Forrest.those that"git thar fustest with themostest"generally pick up the cream of private con-tributions.and,if the field of prospective support is"homogenizcd,"they also pick up most of the bottle offinancial milk as well.It is no secret that the privatepreparatory institutions are more or less"Johnny comelatelys"in this scramble for available resources.It isalso no secret that one of their principal historic sourcesof financial supporters,alumni,are beleaguered by com-petition for the alumni dollar diligently sought by thealma mater college or university—and by the exactionof dollars through heavy progressive individual taxation. Another response to the over-all financial crisis ineducation has been intensified national,state and localpolitical interest in proposed financial solutions via tax-derived resources....If one may be justified in hazard-ing a gucss,it would be mine that private preparatoryschools will be reached last and least,or not at all,through tax-based aid. The Bulletin Quarterly APRIL,1961 # PRIVATE SECONDARY SCHOOLS AND CORPORATE SUPPORT by Dr.W.Homer Turner Executive Director-United States Steel Foundation,Inc.(Excerpt from an address at the Centennial Celebration,the Pingry School.) # The Need For New Support If so,expanded resources can come only throughadded contributions from alumni and individuals,addedchurch support,added tuition,or,finally,by tappingnew sources of support from such entities as corpora-tions and foundations....In viewing the prospects forincreased corporate support of private,independentpreparatory schools,certain fundamental environmentalfactors need to be kept in view. # Factors Relating To Corporate Support First,let me suggest that corporations and corporate-financed foundations are deeply concerned and continu-ously interested in the cause of all public and privateeducation,including your level of education.In part,this is so since the free market in ideas and manpower-womanpower development is essential to all the free-dons,OFie of which--economic freedom—is essentialto modern corporate-style capitalism.Superior educa-tional product,maintenance of democratic institutions,training for leadership—all are as vital to corporationsas they are to all other institutional forms.The fact thatrelatively minute support has been given by corporatesources to such institutions as yours does not negate thebasic mutualities.... Beyond the heavy burden of taxation,one majorreason for limited corporate-derived aid is the multi-plicity of demands made for corporate-source benefac-tions over and beyond educational aid.Within a decade,the number of“causes”and “projects”appealing tocorporations has increased from a few thousands toscores of thousands.This development connotes funda-mental economic and sociological shifts in our society,some benign,others not,but it is a fact of daily life. For social welfare,medical,hospital and health ad-vances,for basic research and scientific and tech

FAQs

What financial pressures are described for private secondary schools and the broader education system?

The text links the crisis to new educational quality needs, inflation, student population growth, and unmet or unplanned capital and operating needs. Similar financial difficulties are said to affect colleges, universities, and other parts of the education structure.

How does the document describe one main response to the financial crisis?

One response is joint and collective fund-raising activity by many groups, including large campaigns by prestigious institutions seeking unprecedented private contributions.

Why does the text argue that corporate support has limits, and what is proposed in response?

It explains that tax and profit potential constrain what corporations can assume as additional social responsibilities. Because demands already exceed available resources, it calls for voluntary priorities to allocate support across different types of social needs.

Sep 21, 2026

Uploaded by Lucas Martin