Donating Money to College Before Acceptance

hmom5
Wed, 03 Dec 2008 22:04:44 +0000

Most colleges are honest in reporting that a few percent of those accepted every year are development cases, kids of wealthy donors or potential donors. A donation not in seven figures is not going to help at any ivy, though I’ve heard some cases such as that of Ralph Lauren who was supposed to give a major gift to Duke for taking his offspring and then only gave $500K.

And for the really wealthy, it’s just a tax deduction, better to give it to Harvard and get little Tripp in than give it to the IRS.