>> I assumed the money was donated to an entity like the Red Cross or Catholic Charities, or other organization.
Whenever I hear a famous person talking about donating to charity, I always look for the “foundation” that was founded by said famous person and is often even named after them.
It’s mostly money-laundering, whether it be a rich Leftist, a Hollywood script reader, or a pro athlete.
I see this as just one more sign of a fading empire, mainly because there is absolutely nothing productive about what’s going on with these giant foundations. At least the “robber barons” of yesteryear had thousands of miles of railroad and millions of tons of steel and iron production capacity to show for their efforts.
I never knew speakers got fees and expenses to speak at graduation. I thought it was an honor, not a money transfer scam to the elite. If they do speak, it should be for free, and the only reward should be an honorary degree.
I wonder how much other college money is wasted.