This article raises an important issue; several examples come from philosophy. (Thanks to Jason Stanley for the pointer.)
From the article's conclusion:
Nowadays the big-money philanthropist doesn’t just want his name on the building; he wants control over what happens inside. This is not really “philanthropy”—the provision of public good without expectation of reward, out of (from the Greek) a “love of mankind.” These donors are instead looking for and getting great deals: money in exchange for policy recommendations and contacts favorable to them and their interests. At a time when universities are desperate for money, this cash-driven set of research mandates effectively turns professors and administrators into clients, who dare not criticize or challenge the funder’s views. For as anyone in philanthropy will tell you, the smartest person in any room is not the person with the highest IQ or best credentials. It’s the donor.
Thoughts from readers about these developments? Feel free to share experiences at your own schools.