I meant "waste" more from the Armenian perspective so yah, it didn't come out right. I would think sponsoring some promising college students from Armenia to go abroad to a top university through scholarships and stipends or to finance some visiting professors to Armenia might have been better use of that money in this context than CSUN.
Though I must say in the last decade or so, CSUN has been moving up a lot and unfortunately, since it does not offer a doctorate degree it is not ranked with the big boys like UCLA and USC. But the level of education they provide is in some cases far superior to that of those provided by the other more research oriented power houses. The other downside it has is the average student population is not the "cream of the crop" so to say ... but yah, I have to agree that the $7 mil should do wonders if used properly.
But then again, I wouldn't be surprised to see a few "athletic scholorships" pop up at CSUN in the near future to try to boost their NCAA standings... unless the donation had some fine-print terms in addition to the fine arts scholarships... but I am rambling now.