3 ms·
The portion that goes to reshaping the communities rather than enriching the administrators and their friends is a very open question too.
by elefanten 5y ago
The portion that goes to reshaping the communities rather than enriching the administrators and their friends is a very open question too.
- mooreds 5y agoAh, the principal agent problem rears its head again! Yup. I prefer to believe most schools and non-profits aren't run by folks hoping to enrich themselves (at least not monetarily). But there's also the question of how to deal with such a windfall. People ( https://www.the-sun.com/news/3031887/national-lottery-euromillions-curse-winners-lost-everything/ https://www.the-sun.com/news/3031887/national-lottery-euromi... ) and corporations ( plenty of folks misallocate VC funding ) are bad at dealing with windfalls, how could it not be a difficulty for non-profits?