Oprah’s recent building of a $40 million school in South Africa (as well as tens of millions in other donations) and Bill Cosby’s building of tens of millions of dollars worth of university libraries and other buildings and scholarship endowments and the millions given by other megamillionaire celebrities has me wondering: if you had their fortunes (assume- let’s say- a quarter billion or thereabouts, and you’ve already set yourself up so you can live as lavishly as you want for the rest of your life and so can your big heirs)- what would you do with it to “give back”?
A charity my mother asked her kids to form if any of us ever became that caliber rich (to date my siblings are moderately rich but not enough to do anything like that while my money is tied up in staying middle class) is the first that comes to mind for me: due to her own experiences with ageism when she had to re-enter the work force after a health related hiatus, she wanted a fund specifically geared to assist women “over a certain age” (let’s say- 45 or thereabouts- old enough to encounter ageism but far too young to think about retirement) pay their basic living expenses for up to 2 years while they returned to school to update/upgrade skills and or get a masters in order to be more competetive. She was extremely frustrated that she and many she knew (who through widowhood or divorce were suddenly single and behind the professional times) had to take humiliating salaries and or jobs because while they might be eligible for scholarships they couldn’t afford to pay their mortgage or rent while returning to school. I’d love to endow that charity with $100 million or so and name it in her honor (though the 80 foot tall statues would be of me).
I couldn’t care much less about endowing a professorship, though I’d have an unspectacular general scholarship fund for non-trad undergrads.
I’d buy College Bowl and make it a MAJOR deal with $100,000 prizes to each member of the Annual All-Star team and assistance with travel to unfunded teams (with embarassingly loud announcements that “XYZ UNIVERSITY’S PLAYERS ARE FUNDED BY THE SAMPIRO’S COLLEGE BOWL & 80 FOOT STATUES FUND AS XYZ UNIVERSITY CARES A HELL OF A LOT MORE ABOUT A SOCCER TEAM FILLED WITH FOREIGN BORN MEMBERS LIKE SAMPIRO’S COLLEGE DID AND COULDN’T CARE LESS ABOUT ACADEMIC COMPETITION, AND IN OTHER NEWS THE THING ON MY BACK POPPED. FOR A QUICK TEN POINTS…”. I love things that reward the kids (of any age) at any college who enjoy knowledge for its own sake- not enough is done for them- and one of my favorite moments in college was when my CB team (of which I was captain and lead player) whipped both Harvard and Princeton in Philadelphia (funded by a private grant from The Southern Company; the school newspaper had a front page article about the soccer team nobody gave a damn about but relegated us to a 1 paragraph pictureless blip on a back page).
I’d also spread this to high school students (called “Scholar’s Bowl” I think) and especially promote it in “non first-tier schools” (inner-city, rural, etc.). It’s been said that a lot of black kids eschew knowledge/learning because they’re ridiculed as “acting white”, but speaking as a former white kid it’s not a race thing: most white kids, at least in the schools I went to, make fun of other white kids who can name the wives of Henry VIII or tell you when Brigham Young was born just because they enjoy knowing it. Lots of kids of all races hide their lights under bushels in order to fit in (embarassed to admit that they like medeival literature or other academic subjects) and this is a way of rewarding them, and by putting money with it (top prizes: travel + full scholarship + $5,000 spending money or whatever) it would really help glamourize knowledge or at least make the snotty ignorant in-kids jealous.
I’d also, as I mentioned somewhere else, and just for vindictiveness, put aside a few mil just to pay the legal fees of anybody who is sued by Fred Phelps and his clan OR who wishes to sue them for a legitimate reason but can’t afford to; basically bankrupt the bastards by hoisting them on their own petards. And on the subject of vindictiveness, I’d pay a couple of full-time investigators to pull up dirt on all morals police or pundits I disliked and send the cream to all tabloids and news networks (not that there’s much difference) “free gratis”.
And I’d probably fund repertory theaters in cities that didn’t have them. Unfortunately the problem there is that it’s such an ongoing expense.
What would you do?