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Words: | Submitted: Mon Dec 22 2003
... and provide valuable insight as to how to cope, economically as well as physically, with future crises of this nature. Stanford was in two distinct places in these two different time frames; one in which the alumni base was just beginning to make its imprint, the other at a time when the Stanford name was world renowned for academic expertise and success. Consequently, this led to divergent methods of how the university would initiate its fundraising procedures and requests. In 1906, after the earthquake, Stanford was in dire need of emergency funds to initiate its repairs. Although the current alumni did make moderate contributions, the majority of resources came from general yearly income. Contrast that with the fact that in 1989, yearly income was already earmarked for other uses and unable to be significantly altered. Couple that with the reality that most members of the Stanford community had gone ...
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