Being a partaker in that ‘immortal’ heritage is a burden that can only be lightened by doing one’s bit to enhance the fortunes of the university in the here-and-now.
There is a lot to be said for the admonition that charity ought to begin at home for many of us who pride ourselves as having bagged ‘more prestigious’ degrees elsewhere after leaving Great Ife. While we rejoice with them on their good fortune, it is important to restate that those well funded institutions whose names readily ring many bells simultaneously, are where they are because of an institutionalised system of endowments.
We do have a long way to go. But the first step of the journey is crucial. Reaching for the stars is a daunting task, but that is exactly what we have to do to rub shoulders with the best institutions in the world. In 2018, Harvard University received $14 billion from foundations, while $12.15 billion came from alumni. Non-alumni sources also donated $8.57 billion while the remaining $5.27 billion came from other organisations.
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