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Jeff Moritz Testimony to Ohio Senate

Before the Ohio Senate, Workforce & Higher Education Committee Statement of Jeffrey Moritz in support of Senate Bill 135 May 19, 2021    Good afternoon Chairman Johnson, Vice Chairman Cirino, Ranking Member Williams and members of the committee. My name is Jeff Moritz. I live in Rocky River, Ohio and I am here today as […]

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Greer Rouda Testimony to Ohio Senate

Proponent Testimony of Greer Rouda Senate Bill 135 Workforce and Higher Education Committee May 19, 2021 Chairman Johnson, Vice Chairman Cirino, Ranking Member Williams and members of the committee: My name is Greer Rouda. I am Vice President at Monarch Title Services and a 1977 graduate of Ohio State University. My father Harley Rouda founded […]

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Nathan Rush Testimony to Ohio Senate

Proponent Testimony for Senate Bill 135 Nathan Rush, Past Speaker of the Ohio State Student Government Senate Ohio Senate Workforce & Higher Education Committee May 19, 2021     Good afternoon Chairman Johnson, Vice Chair Cirino, Ranking Member Williams and members of the committee. My name is Nathan Rush and I am an OSU student […]

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David Marburger Testimony to Ohio Senate

Before the Ohio Senate, Workforce & Higher Education Committee Statement of David Marburger in support of Senate Bill 135 May 19, 2021     Good afternoon Chairman Johnson, Vice Chair Cirino, Ranking Member Williams, and members of the committee. I am David Marburger. I live in Lakewood, Ohio. I support Senate Bill 135. I am […]

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Ohio State struggles to raise money amid 2020’s challenges

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 […]

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ICYMI: ROBERT ALT, CEO OF THE BUCKEYE INSTITUTE: “How Colleges’ Spending Practices Often Shortchange or Defy Alumni Donors’ Intent”

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 […]

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ICYMI: PHILANTHROPY DAILY “OSU DONOR EXPOSES HIDDEN ENDOWMENT FEES”

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 […]

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Dispute Over an Underwater Endowment Shines a Light on University Gift Fees

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 […]

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Column: Universities can’t use endowments like piggy banks

While colleges and universities slash budgets in the face of historic losses, a common echo on every campus rings, “Use the endowment!”

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University Endowment Sued for Underperforming the S&P 500

A 94-year-old donor is taking on the University of Colorado Foundation over active investing.

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