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The art of giving

Published: Tuesday, February 10, 2009

Updated: Wednesday, February 11, 2009 13:02

    I just got my first real job. Almost seven years after graduating from our esteemed university, I can finally boast of full-time employment, a salary, benefits, the whole enchilada. My employment lag might not be a welcome data point for the brochure extolling the virtues of higher education, but I feel pretty darn lucky at the moment. Now I just have to decide what to do with all of this hard-earned money.

    I know exactly what Tufts would like me to do with it. They would like me to send it to them in monthly installments, and some fortunate student employee on the phone line would get a bonus. This is a very tempting scenario. I loved my time at Tufts University. I met wonderful people, I learned a myriad of facts and life lessons, and, really, can there ever be enough brick to brighten one's day? Tufts relies on the support of alumni like me, and maybe supporting them is fair payback for the use of their name on my CV. (Just ignore the fact that it took this long to help me — I'm sure I'm an outlier).
    I only have one niggling little question: What the hell is Tufts going to do with this money? Examining the historical record doesn't exactly inspire confidence. Despite attempts at research into the endowment, Tufts has done a very good job of covering their tracks. Only when a huge mistake is made, like having a toe in the Bernie Madoff fracas, does Tufts fess up.  But what about the rest of it?  How do I know where my money will go? What if it is used to support causes that I don't believe in, causes that violate my own moral code? What if by donating to Tufts, I am tacitly sponsoring a variety of unethical business practices that I don't agree with?
    OK, I know the connection between my potential donation and the support of heartless scum who delight in making money off of misery seems a bit tenuous, but I think that when we give our money away (to Tufts, to investment bankers, to the government) that we should seriously consider where that money is going. For investment in sustainable, socially conscious, community-supporting business, I give it a big thumbs up. Investment in the rape of the natural world and screwing people over gets a thumbs down.
    Even if I trusted that Tufts was only spreading sunshine and good cheer with its endowment dollars, I would hope that Tufts as an institution would jump at the chance to (transparently) brag about how ethical their investments are. And as the Students at Tufts for Investment Responsibility (STIR) members so helpfully point out, our proverbial Joneses (enviable neighbors such as Harvard, Swarthmore, Columbia, Williams and Barnard) are already doing this. Let's keep up with them on the things that really matter.

    So while I do wish Tufts well, I am going to withhold any direct donations to their coffers until they cough up some transparency and make a commitment to investing money in ways that make the world a brighter place, and I'm going to encourage other alumni to do the same. However, since I do sincerely believe that one of the best things about Tufts is its students, I'm going to use my hard-earned paycheck to support the Tufts Progressive Alumni Network (TPAN) Social Justice Fund (full disclosure, I'm on the exec board and it rocks). That way I can still support the institution I love, but with the smug knowledge that my money will go to Tufts students working to make their school live up to its full potential.


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Danika Kleiber graduated from Tufts in 2002 with a degree in biology and women's studies.  She is currently a senior research assistant for Project Seahorse in the University of British Columbia Fisheries Center and is the chair of the alumni relations committee for Tufts Progressive Alumni Network.

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5 comments Log in to Comment

A recent graduate
Tue Feb 17 2009 17:20
As a recent alumna, I honestly fail to understand why anyone would willingly part with their money for the University's sake. I had a nice time at Tufts and learned a lot, sure, and I'm thankful I had great professors. But I've already parted with thousands of dollars on Tufts' behalf for an education that I see to be entirely overpriced. We're in a recession and you're calling me to ask for more money for a bloated institution that's going to turn around and invest that money in a Ponzi scheme, after my family has already paid thousands upon thousands for tuition? You must be joking. If by some miracle my Tufts education had helped me land a $100,000 starting salary and/or I'd come upon an excess of money, I'd donate it to people that actually needed it -- hurricane victims, orphans in Latin America, et al -- and that's not the majority of Tufts students.
JMS
Tue Feb 17 2009 15:28
With all due respect, George Patsourakos, why should donors blindly trust Tufts after what we've seen lately? Hundreds of thousands stolen from right under Bruce Reitman's nose by top-level administrators? Millions lost in a shady hedge-fund investment with Madoff?

I give to Tufts in part to thank the university for giving me a superb education, yes. But I also give because I believe my money is going toward a worthy cause: Improving the lives of Tufts' current and future students by giving them a better education. If the money is being wasted or, worse perhaps, invested with morally objectionable sources, then it isn't going to a good cause. So why should we give?

I would argue that the lack of trust is on Tufts' end; it does not trust its students, alumni, faculty or the public as a whole with information about how the endowment is invested and spent. It is this lack of transparency that ultimately "undermines the relationship between alumni and their alma mater."

George Patsourakos
Tue Feb 17 2009 14:53
To believe that alumni should not donate money to Tufts -- unless they know what Tufts will do with that money -- conveys a lack of trust for the University. Alumni should donate money to Tufts, because they are thankful for the superb education that Tufts provided for them. To urge alumni not to give money to Tufts -- unless alumni are satisfied where Tufts will use that money -- undermines the relationship between alumni and their alma mater!
Martin
Wed Feb 11 2009 17:26
word.
Lou
Wed Feb 11 2009 15:35
I want to have Danika's babies.

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