The Orlando Museum of Art, which mounted a major Basquiat exhibition of works that were later exposed as forgeries, is facing a large shortfall amid high legal fees.
Birmingham-Southern College was on the verge of receiving a multimillion-dollar loan, but the state treasurer balked, saying it was not a justifiable use of taxpayer money.
Donations to U.S. universities reached $59.5 billion last year, and they come increasingly from a smaller group of wealthy donors. Many of them expect their money to buy a voice in university affairs.