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Business - General Business
Resilience in American Higher Education. Large scale philant
hropy contributors who offered substantial gifts such as fou
ndations, trusts, and estates were necessary to higher educa
tion budgets in order to pay for salaries, services and the co
nstruction of new buildings. The transformation of philanthr
opy in American higher education was the coming together o
f industry and religion in what was termed the Protestant w
ork ethic. Discuss why this was important to wealthy entrep
reneurs. From your readings, what challenges do current hig
her education institutions face with regards to funding? Wha
t are some of the possible solutions to these challenges? Do
you believe it is still important today?