American Business Philanthropy and Higher Education in the Nineteenth Century

Daniel A. Wren

Business History Review, 1983, vol. 57, issue 3, 321-346

Abstract: Nineteenth century America witnessed the expansion of business enterprise as well as the extension of a system of higher education. Business philanthropy played a substantial role in higher education by filling the gap between the church-supported colleges of the colonial period and the state colleges and universities of later years. The philanthropy of American business leaders provided for scientific and polytechnical schools, opened colleges for women, extended new opportunities for black “freedmen,” and created the first undergraduate and graduate schools of business. Although nineteenth century law prohibited corporate philanthropy and offered no tax incentives, business leaders gave because they thought that they were stewards of wealth, they saw a need for practical education, they wished to create memorials for loved ones, and they desired to meet the needs of special groups of individuals.

Date: 1983
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