Philanthropic Efforts of SchoolsWhile the spotlight has more often than not falls on philanthropic contributions made by affluent individuals and megacorporations, educational institutions have, over the decades, been making significant humanitarian efforts in their own relatively minor ways. Schools raise funds through various ways. One of these is through newspaper drives where students bring in loads of newspapers that the school would then sell. The income generated is used to funding to whatever social improvement program they happen to be conducting. Certainly, efforts made by the educational institutions are nothing to be scoffed at. Funds generated by them can grow to hundreds of thousands, as evidenced by one charity drive made by the University of Virginia some years back: In January 2000, the fund that it generated amounted to more than $430,800, exceeding their planned target by at least $30,000. So, the fund was pooled into the annual Combined Virginia Campaign, which generates funds for local and state non-profit entities.Institutions also encourage their students to engage themselves in philanthropic, fundraising efforts for a variety of reasons, the most prominent of which is to imbue their students with fundraising and social skills that will prove to be valuable to their careers.
Carlos Abadi is a philanthropist and prominent investment consultant.
Learn more about active philanthropist Carlos Abadi on Faces of Philanthropy.
Carlos Abadi is part of the RGE Monitor Team.