Sanjay K. Pandey

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Johns Hopkins University President Ronald J. Daniels, left, speaks with Michael Bloomberg, who has given the school more than $3.3 billion. Ilya S. Savenok/Getty Images

Alumni gratitude and support for causes are behind donations of $50 million or more to colleges and universities

Michael Worth, George Washington University; Sanjay K. Pandey, George Washington University, and Sheela Pandey, Penn State

In some cases, big donors are supporting higher education to support a philanthropic strategy that includes racial and economic justice.
Oklahoma Gov. Mary Fallin, front, after she signed a law that allows pay-for-success funding for projects aiming to reduce female incarceration rates. AP Photo/Sue Ogrocki

Social impact bonds, explained

Sheela Pandey, Penn State; Joseph J. Cordes, George Washington University, and Sanjay K. Pandey, George Washington University

These partnerships between investors, governments and nonprofits are a new way to pay for programs and services that help people in need and address intractable problems like mass incarceration.

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