Our Sharing Student Scholarship blog posts showcase original scholarship written by Baylor students who conducted research using primary source materials in The Texas Collection. This post is the the third of five in a series of blog posts written by graduate and PhD students from the Fall 2018 Foundations & History of Higher Education Leadership course.
by Scott Alexander, Andrew Eastwood, Preston Templeman, and Mariah Duncan
Throughout the history of higher education, finances and funding have been necessary to animate and realize the mission of an institution. Finances can make or break an institution; therefore, strong leadership has always been important in making sure that the funds of an institution are being used to support both present function and foundation for the future. Funding comes from both internal and external sources to build endowments, provide student scholarships, pay institutional debts, make capital improvements, and supply for curricular and co-curricular resources. As industrialists built personal wealth during the 1890s and 1900s, the prevailing concept of the “Protestant work ethic” encouraged philanthropic stewardship of that wealth. Higher education institutions capitalized on this ethic through targeted fundraising efforts.Continue Reading