Chapter 6 The global growth of higher education philanthropy and fundraising
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Philanthropic giving towards higher education up until relatively recently was solely a U.S. phenomenon. However, there has been significant growth around the world in the number of countries that are encouraging such support of institutions. This chapter explores the possible explanations for this global growth: first, that there is a functional need for philanthropic support of higher education; second, that this trend is a form of isomorphism where institutions are striving for prestige; and, third, the growth of philanthropy can be explained as a function of borrowing and lending of perceived best practices. The chapter concludes with additional questions that the global growth raises and future directions for research.