A Nongovernmental Disbursement Structure to Fund Research
[N.B. The following is the third in my series of essays for the Knight First Amendment Institute's Reconstructing Free Expression project. It is cross-posted on the Knight website . My first entry is here . The second is here .] There is no perfect way to fund higher education. Relying chiefly on tuition favors wealthy students and results in underfunding of the research mission of most colleges and universities because students who see themselves as customers understandably would prefer that the money they spend produce concrete benefits to them in the form of teaching and administrative services rather than add to the general storehouse of knowledge available to all of humanity. Relying chiefly on donors risks directing an institution’s mission to the donors’ priorities, which will not always align with the priorities of faculty, students, administrators, and other stakeholders. A wealthy alum who is the CEO of an oil company might be happy to fund...