What Saudi Money Buys On Campus

The New York Times has an interesting interview with Prince Alwaleed Bin Talal:

Q: You just gave $20 million to Harvard and another $20 million to Georgetown to advance the study of Islam, and some are concerned that you are trying to increase the on-campus influence of the Saudi royal family, of which you are reportedly the single wealthiest member.


I don't have control, and I don't want control. Period. They approached us with a proposal. Harvard, Georgetown, University of Chicago, University of Michigan and several of the Ivy Leagues.

But your investment company, Kingdom Holding, invited the schools to submit the proposal, didn't it?

Whom else did you approach? Please. Keep the other universities out. I'd rather not embarrass them. The two winners were Georgetown and Harvard.

Since you're said to be worth more than $20 billion, with major holdings in Four Seasons Hotels, Saks Fifth Avenue and Murdoch's News Corporation, why not give an unrestricted gift instead of such a narrowly focused one?

The gift is unrestricted!

No, it's not. It has to be spent on Islamic studies. Georgetown is renaming a center after you, and Harvard is naming a program after you.

Well, sure! The studies that concern me and fit my overall global vision - they're Islamic studies. As you know, ever since 9/11, we have been trying to bridge the gap between West and East.

Which has backfired at least once. You became notorious in New York when Mayor Giuliani declined to accept a $10 million donation from you to victims' families after you suggested that the U.S. was too friendly with Israel.

By the way, my check was taken to the bank and cashed. The problem was with my statement. I accepted that. Subject closed.

Did you know the check was cashed? I didn't.So much for Mayor Giuliani's tough stand against moral equivalence.