This question is going to be asked increasingly, I believe, as Americans of serious intellect and sober sensibilities start to examine what really is being offered--for huge sums of money--at America universities. As they do, some may stop falling for propaganda from university alumni relations offices that is designed to mislead them about the realities on campus.
I am going to return to this theme. Part of it is that old fashioned liberals and thinking conservatives should be making common cause on the issue of real university reform, especially as regards undergraduate studies.
Meanwhile, this article appears in The Washington Post. Its hero is a "secular humanist", or else it probably would not have been published by The Post. But at least the author gives a glimpse of a reality in which the big issues that used to matter--the "meaning of life" itself being at the top of the list--are now ignored or turned into silly cartoons.
http://www.washingtonpost.com/wp-dyn/content/article/2008/05/02/AR2008050202795.html?referrer=emailarticle
Again, why do you give money to institutions like Yale? And what makes you think your alma mater is, in a significant respect, any different?