Traditional funding models must change as governments decrease funding and often freeze tuition at a domestic level. As a result, universities face an increasing need to diversify their business models, including revenue streams. Therefore, interest in raising significant funds from other sources is stronger than ever, leading to the need for a fundraising approach that is more sophisticated. Medical educators and health professionals are some of the most trusted members of society, and with this paper, the authors aim to raise awareness of the critical role they play in helping universities with their global impact and fundraising efforts.
Keywords: academia; academic environments; business model; charity; crowdfunding; educators; funding; fundraising; higher education; medical education; philanthropy; revenue streams; university.
©Alireza Jalali, Jacline A Nyman, Elaine Hamelin-Mitchell. Originally published in JMIR Medical Education (https://mededu.jmir.org), 05.04.2022.