Ohio State University’s fundraising took a hit during the summer and early fall. Unsurprisingly, the drop in donations compared to last year is related to th pandemic, OSU’s top fundraising official said during a recent Board of Trustees meeting. But it’s not limited to that: 2020 has been a tough year for several reasons. “The […]
BY CULLY STIMSON AND ROBERT ALT Even during tough times—perhaps especially then—American generosity abounds. The United States has been the most philanthropic country in the world (per capita) over the past 10 years. In 2019, individual Americans gave an estimated $310 billion to charity, with the country’s foundations donating an additional $76 billion and its […]
BY EMILY KOONS JAE Ohio State University is undergoing criticism from Jeffrey Moritz for drawing endowment fees out of his father’s $30 million endowment gift and failing to fulfill the gift’s intentions. “Hidden fees” typically conjures up images of a used car lot or a credit card company—not the endowment policies of a prestigious university. Yet […]
Inside PhilanthropyMichael Scutari In 2001, attorney Michael Moritz gave his alma mater, Ohio State University, a $30.3 million endowment gift, restricted for purposes that include four faculty chairs, student leadership awards, and 30 full-ride law school scholarships awarded annually. A year later, he tragically and unexpectedly passed away. In 2016, his wife Lou Ann Moritz […]
While colleges and universities slash budgets in the face of historic losses, a common echo on every campus rings, “Use the endowment!”
A 94-year-old donor is taking on the University of Colorado Foundation over active investing.
Michael E. Moritz was devoted to The Ohio State University, but surviving family members are accusing the institution of not properly honoring the man’s legacy.
The family of the late Michael Moritz has approved the Honor Bound Initiative, which launched last week, in an effort to help focus on restoring honor to the donor program at Ohio State University.
As legal battles with Ohio State University continue, the family of Michael Moritz has asked U.S. senators to look into what the family believes are unacceptable endowment practices at Ohio State and other universities. They’ve also launched a campaign to publicly call out Ohio State’s actions.
COLUMBUS (WCMH) – Chances are you don’t have an extra $30 million in the bank that you are going to give to your alma mater.