Bangalore: Top Indian industrialists are funding alumni base of Harvard University, reveals a recent survey by the U.S. News Short List. Meanwhile, the Indian universities are suffering from lack of contemporary IT infrastructure, absence of best practices and low student gross enrollment ratios (GER). Yet, the top industrialists choose to invest westward instead of directing their funds on Indian universities.
As per the news survey conducted annually among 1,800 schools and reports of two-year alumni, Princeton University was rated on the top, making it the most loved university for donations. It is also to be noted that unlike Indian universities, which are largely funded by tuition fees, western universities are mostly funded by donation. For example, only about 20 percent of Harvard expenditures are met by tuition fee collections while nearly 50 percent comes from donation. A significant amount of the donation comes from its alumni base.
A number of studies that are conducted to study alumni donation patterns reveal some relevant questions being asked like the age of the donor, what affiliation the donor has and what is the motivation of the giver. A few studies seem to suggest that some alumni donate with the hope that their children would get an easy passage into the same Ivy League institutions. Even when Anand Mahindra joined the ranks by giving the highest donation to any humanities discipline at Harvard, questions were raised whether the donation was timed with his two sons seeking college admissions.
Fear is the Key One day King Akbar said to Birbal, “Birbal, my people are very obedient to me. They love me very much.” Birbal smiled and replied, “This is true, but they fear you too, Jahaanpanaah.” Akbar could not agree on this, so it was decided that Birbal’s statement should be tested. Next day, according to Birbal’s instructions, the King announced that he would be going for hunting, and people should pour a pot of milk in a tub kept in the courtyard. Next day when Akbar returned from hunting, he found that there was no milk in the tub, instead there was only water. Akbar got very disappointed, but couldn’t do anything. Then Birbal said, “This time you will announce that you will come back and see the tub yourself.” King did as Birbal said. Once again the tub was kept in the courtyard. This time when King returned from the hunting, he found the tub overflowing with milk. Bitbal said, “I told you. It is your fear which made people obey you. The first time there was no one to check the tub, so people poured the water, but the second time, they knew that you would check yourself, that is why they brought the milk.”