Yes, but never indiscriminately. They still want to be sure those kids will thrive at their college, so they are looking for such kids who also have sufficient academic markers, and there is a limited pool of such applicants each cycle. And these colleges are actually competing with each other to get those applicants precisely because this is a mutual strategic priority.
And yes, part of that is because there is donor good will involved in that. And competing effectively for donor dollars is part of what they do to stay on top.
So while I think these are true and important things to know, they are not different explanations from the one I provided, they are more details in support of the explanation I provided.