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Tuesday, December 12, 2017
Why you should beware of “more than 240 colleges and universities, almost all in the U.S., got donations from Koch family foundations in 2016”—Alex Kotch, International Business Times
“The foundation of billionaire industrialist Charles Koch is ramping up its ideological higher education donations, smashing last year’s record amount given to colleges and universities. The foundation, along with smaller contributions from two other Koch family foundations, gave over $51 million to higher education institutions in 2016, according to analyzed by International Business Times. Koch donations typically come in the form of multi-year gifts, which support free-market centers [*], courses, professorships, graduate scholarships and lecture series, all with the aim of producing bright, young conservatives to recruit into their political network and like-minded professors to create scholarship that dovetails with the Kochs’ ideology and business interests.
“Koch and his brother David are well known for running a giant oil, chemical and materials conglomerate, Koch Industries, and for leading a vast, conservative political network that rivals either of the two major political parties in size and funding. Lesser known, but crucial to their long-term strategy to bend America toward their small-government ideology, is their considerable funding of higher education.
“The political activities of the Koch brothers have led to increased scrutiny into the family’s university grants in recent years, and students and faculty at several academic institutions have protested proposed donation agreements. In many cases, despite the opposition, universities and their economics departments, eager for an influx of cash, approve the agreements and begin taking yearly installments of hundreds of thousands — and sometimes millions — of dollars… More than 240 colleges and universities, almost all in the U.S., got donations from Koch family foundations in 2016, up from 218 the previous year…
“In her most recent book, , New Yorker staff writer Jane Mayer describes a 1976 New York City conference that Charles Koch organized for wealthy libertarians to plot a strategy to take over American politics. In order to broaden their radical conservative movement, Charles Koch advocated a focus on ‘attracting youth’ because ‘this is the group that is open to a radically different social philosophy.’ Koch’s political lieutenant at the time, former John Birch Society member George Pearson, said at the gathering that traditional university gifts would not be sufficient, but funding private institutes on campuses would make it easier for donors to exert more control over hiring decisions and the ideological bent of these centers.
“The ‘,’ a plan devised by Koch and one of his closest lifelong associates, Richard Fink, begins with funding higher education. Next, academic output — or ‘intellectual raw materials’ — moves on to right-wing think tanks funded by Koch and his network, which repackage the scholarship into more relatable policy proposals. Koch-funded political advocacy groups then rally people around these policies and pressure lawmakers to adopt them.
“The strategy appears to be working. Not only are libertarian-minded academics raising their profiles with the help of Koch grants and providing ‘raw materials’ for conservative think tanks to convert into policy proposals but some are rising directly into the halls of government. International Business Times recently identified a host of who have secured posts within the Donald Trump administration this year. Meanwhile, business is booming for the wealthy brothers. and Koch are currently worth a combined $99.2 billion.”
For the complete article, Charles Koch gave $50 million to higher ed in 2016. What did he buy? by Alex Kotch, click here.
*For a Commentary on Global Free Market: a Perspective and Admonition, click here.