Don't waste your charity on rich colleges

ONE OF MY OLD law school classmates pledged at least $250,000 to Stanford Law School this year. Another gave at least $100,000, and 12 others donated $10,000 or more apiece. Then there's Philip H. Knight, the founder of Nike, who pledged $100 million as the lead gift for a new, $250-million campus for his alma mater, the Stanford Graduate School of Business.

By Martin Kimel

November 25, 2006