Bill Ackman’s Clash With Harvard Over Stock Gift Reveals the Messy World of Big Donations

Bill Ackman’s Clash With Harvard Over Stock Gift Reveals the Messy World of Big Donations


Prestigious universities are learning the costs of the big gifts they receive from prominent donors.

The strings that fund managers Bill Ackman and Ross Stevens attached to sizable donations to Harvard University and the University of Pennsylvania, respectively, show the degree to which wealthy benefactors expect to have an ongoing say in administrative matters.

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