Charitable donations at Cornell have increased in the past year, making Cornell the third highest fundraising institution in the nation behind Stanford and Harvard, according to the Council for Aid to Education.

Whoever said you have to be rich to do good is mistaken. But whoever said you can’t be rich and also do good is mistaken as well. In the face of these two extremes — torn between the desire to accumulate wealth and the passion for social action — our generation has coined the term “social entrepreneurship” as an attempt to find a middle ground. This revolutionary idea that you can do good while still making money, has fueled the trend of applying business models to non-profits.