This book proposes a new theory of change in American higher education that explains the resilience of colleges and universities, and demonstrates how they adapt to new social and economic conditions. It argues that the demands for new educational missions, new sources of capital to finance innovation, and new organizational and governance models lead to the creation of institutional diversity. Using the theory of “accretive change” to predict future changes, this volume asserts that the rise of artificial intelligence and new investment models within the field of social entrepreneurship will shape the next wave of universities and educational institutions.