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Epstein鈥檚 Bard donations spotlight perils of college fundraising

Relationship between disgraced financier and small liberal arts school highlights need for gift-acceptance policies

Published on
June 5, 2023
Last updated
June 5, 2023
Source: iStock

When Bard College president Leon Botstein first met financier Jeffrey Epstein, Epstein was a聽convicted and registered sex offender.

That did not stop Professor Botstein from accepting a聽personal gift of聽$150,000 (拢120,000) from Epstein, which the president then directed to聽the college as聽part of his own $1聽million gift, . Epstein鈥檚 gift 鈥 which Professor Botstein has downplayed 鈥 raises questions about how colleges should handle criminal donors and whom presidents should engage with in their fundraising duties.

On the grand scale, Epstein鈥檚 total contributions to Bard are relatively small: $75,000 and 66 laptops, as well as the $150,000 Professor Botstein later redirected to the college. But many friends and colleagues of Epstein 鈥 who died in jail in 2019 while awaiting trial on sex trafficking charges 鈥 have faced harsh scrutiny as details of the ultra-wealthy financier鈥檚 heinous actions have emerged in recent years. Now Professor Botstein is the latest associate to defend his ties to Epstein, framing his relationship with the infamous sexual predator as part of the job of being a college president.

鈥楢n ordinary sex offender鈥

Bard College did not respond to multiple requests for comment. But Professor Botstein has defended taking Epstein鈥檚 money in interviews with both The Wall Street Journal and The New York Times.

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鈥淧eople don鈥檛 understand what this job is,鈥 Professor Botstein told the Times for a story published in early May, adding, 鈥淵ou cannot pick and choose, because among the very rich is a higher percentage of unpleasant and not very attractive people. Capitalism is a rough system.鈥

Professor Botstein also made clear in the interview that he was aware of Epstein鈥檚 deviant sexual history, which included a 2008 conviction in Florida for soliciting prostitution from someone under 18. In the interview, Professor Botstein called Epstein 鈥渁n ordinary 鈥 if you could say such a thing 鈥 sex offender who had been convicted and went to jail鈥.

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But Epstein was also very rich, and after he donated an unsolicited $75,000 to Bard in 2011, it raised hopes on campus for further gifts.

鈥淎 guy sent us money, and we followed up,鈥 Professor Botstein told the Times. 鈥淚t鈥檚 a simple story.鈥

Yet the relationship between Epstein and Bard College invokes complicated questions about how far presidents may be willing to go to raise money needed for institutional survival amid difficult economic headwinds for higher education. How should colleges handle disreputable donors like Epstein who have the ability to make transformative gifts?

Ethics and policy

Professor Botstein was hardly the only college president willing to take Epstein鈥檚 money over the years.

Harvard University and the Massachusetts Institute of Technology also accepted donations in amounts that far surpassed what Epstein contributed to Bard and Professor Botstein himself.

Harvard hauled in $9.1聽million from Epstein between 1998 and 2008, according to a聽 from the university, which notes that it did聽not take any more money following his conviction. Harvard also identified 200,000 unspent dollars from Epstein鈥檚 gifts at the time, which the university said would be donated to two organisations that support victims of human trafficking and sexual assault.

MIT reported donations of $850,000 from Epstein from 2002 to 2017. An聽 on Epstein鈥檚 donations calls the decision to accept his money post-conviction 鈥渢he result of collective and significant errors in judgment that resulted in serious damage to the MIT community鈥. The report also noted that MIT 鈥渉ad no policy or processes for handling controversial donors鈥 at the time. MIT later donated $850,000 to four non-profits supporting survivors of sexual abuse and revised its donor policies, among other actions, according to a statement MIT sent to聽Inside Higher聽Ed.

Some outside experts see Bard鈥檚 missteps as avoidable.

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鈥淢ost colleges have a gift-acceptance policy that hopefully guides the higher officials, like a president, that would give them some guidance in terms of who they can accept gifts from and what the considerations are,鈥 said Don Heider, executive director for the Markkula Center for Applied Ethics at Santa Clara University, who stressed the need for an established policy.

鈥淭he time to think about these things isn鈥檛 at the moment or afterwards; the time to think through your policy is beforehand,鈥 Dr Heider said. 鈥淭hen there鈥檚 a sense of clarity and values early聽on.鈥

Similarly, Brian Flahaven, vice-president for strategic partnerships at the Council for Advancement and Support of Education, told Inside Higher聽Ed that 鈥渕ost institutions do have gift-acceptance policies that govern the types of gifts they will accept along with terms鈥.

Both the Markkula Center and CASE offer insights for colleges and other organisations that may have ethical questions or concerns about accepting gifts from questionable donors.

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state that colleges should only pursue 鈥済ifts that fall within, or advance, the institution鈥檚 mission and/or approved priorities鈥. The organisation also emphasises that colleges should know who their donors are and what potential risks they present.

鈥淭he benefit of the potential gift should be greater than any risk associated with it. That includes reputational risk, so you have to think through that and do as much due diligence as possible,鈥 Mr Flahaven said.

The Markkula Center encourages potential recipients to , gather all relevant facts, weigh stakeholder concerns and evaluate possible conflicts with the organisation鈥檚 mission and values. The centre also notes that organisations can refuse or return gifts from donors that run afoul of their mission or redirect them to a worthy cause, as Harvard and MIT did. If college leaders choose to keep a controversial gift, they should explain why, according to .

Given Epstein鈥檚 death, there is no option for Bard or Professor Botstein to return the money. But Dr Heider suggested that perhaps the best use of the disgraced financier鈥檚 funds might be to help support victims of sexual violence.

鈥淥ne option that might be on the table: find an anti鈥搒ex trafficking organisation, a non-profit, and donate the money to some great organisation that is helping women who were trafficked, or women who have been sexually abused and are now recovering,鈥 Dr Heider said.

The perils of fundraising

According to The Wall Street Journal, . He defended his engagement with the registered sex offender by noting Bard programmes that provide education to prisoners. He told the newspaper in late April, 鈥淲e believe in rehabilitation.鈥

Professor Botstein has also emphasised his role as a fundraiser for the college, a responsibility that is becoming a bigger part of a president鈥檚 mandate. But that added responsibility can come with challenges and potential pitfalls that can cost a leader the job.

鈥淚n many instances, the president is the chief fundraiser,鈥 Mr Flahaven said.

Earlier this year, Connecticut College president scheduled at a historically discriminatory venue in Florida, which prompted the resignation of the college鈥檚 diversity, equity and inclusion dean and the student occupation of an administrative building. The event, which was cancelled amid the controversy, led to her downfall at Conn, where Professor Bergeron had served as president for nearly a decade.

But the fallout for Professor Botstein, who has led Bard since 1975, has聽not been nearly as severe. He has not faced repercussions on campus from students or faculty members. last weekend did聽not criticise Professor Botstein for accepting Epstein鈥檚 money; rather, they called for the commencement speaker, Democratic US senator Raphael Warnock of Georgia, to oppose plans to build a proposed public safety training centre dubbed 鈥淐op City鈥 outside Atlanta.

Professor Botstein, it seems, has weathered the negative publicity storm. In doing so, he聽has made sure to point out the depravity of the man who once wrote cheques to Bard and Professor Botstein, telling The New York Times that Epstein was a 鈥渕onster鈥 and a 鈥渢ruly evil man鈥.

Even in his role as donor, Epstein could be cruel; Professor Botstein has said the financier strung him along, telling The Wall Street Journal, 鈥淚聽was an unsuccessful fundraiser and actually the object of a little bit of sadism on his part in dangling philanthropic support. That was my relationship with him.鈥

In the end, Professor Botstein stressed that he never personally benefited. But given the ongoing scrutiny, the donations may end up being more trouble than they were worth.

This is an edited version of a story that originally appeared on .

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