Harvard: Too Rich to Be a Nonprofit?

Have you heard about Harvard’s latest donation? It is for 350 MILLION DOLLARS and is the third biggest gift in the storied history of people giving their money to universities and having dorms named after them. This time the guy is naming the entire School of Public Health after his dad. Seems fair!

Also seems like a good time to postulate about the purpose of non-profits beyond their technical definition, non? Annie Lowrey writes for The Daily Intelligencer arguing from, among other reasons, a utilitarian standpoint (Annie!) that Harvard is officially way too rich to be one.

The Marriage ‘Cure’

Statistics have long shown that if you’re married, the likelihood of you living below the poverty line is much lower. The unfairness of this correlation annoys me, as well as the deceptively simplified way it’s often presented, wrung into prescriptive “marriage promotion” campaigns that bemoan kids being born out of wedlock and so on.

Money for Everyone

Annie Lowrey examines “the basic-income movement” in the NYT Magazine’s economics column this week, which is essentially a movement to give all citizens a basic income as a way to eradicate poverty. It’s an idea that is in part supported by both conservatives and liberals. The problem, of course, is figuring out a way to fund it, but in theory, it would “replace welfare, food stamps, housing vouchers and hundreds of other programs, all at once.”