The background information has already raised the accountablity issue for the public univerisities. The backdoor dealings usually lead the corruption of school officials.
Another one is for the fair admission of all eligible students, no matter their social status, race, and faith. Does the said fundrasing enhance this principle or weaken it? if the back door dealing creates unfair scholarship distribution and admision favorites, it would be a betrayal to the mission of public universities.
Often political correct one is the admission of social disadvantage students into public universities. Does the said fund raising help raise the percentage of the enrollement of this group of students? Does the fund help increase the graduation rate of this group of students?
To support or against those points, it needs extensive dara collection and analysis.