Fund Raisers' Bonuses: a Moral Hazard for Higher Education

Several weeks ago, a spate of messages concerning the efficacy of bonuses for fund raisers squalled across a prominent e-mail list for senior advancement professionals. Although the number of participants could be counted on the fingers of two hands, the consensus seemed to be that it was not inappropriate for college development officers to receive additional financial rewards for exceeding their fund-raising goals. And although such bonuses for fund raisers are still relatively rare, they