Sheela Pandey

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  • Assistant Professor of Management, School of Business Administration, Harrisburg campus, Penn State
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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