Nice news: huge donation to Pitt!

Colleges & Universities University of Pittsburgh
1

<p>I just got an e-mail describing a very generous gift to Pitt in the amount of $125 million.</p>

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<p>Such great news! </p>

<p>[Pitt</a> Alumni Association E-mail](<a href=“http://www.alumni.pitt.edu/broadcastemails/110922dietrichgift.php]Pitt”>http://www.alumni.pitt.edu/broadcastemails/110922dietrichgift.php)</p>

2

<p>It’s really exciting. Let’s hope they will reverse that tuition hike now.</p>

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<p>Unfortunately the donation doesn’t even cover all the money that we lost from state funding (which is what the tuition hike partially tried to make up for). Sigh.</p>

4

<p>I think the cut amounted to only $80 million, but I am sure that tuition will never go down (at least during my 4 years here).</p>

5

<p>First off, Pitt doesn’t receive the donation until donor dies. He is only 73, so it could be awhile. However, Pitt has already stated that part of it will go toward scholarships for those in the school of Arts & Sciences. So it won’t likely affect the sticker price of tuition, etc, it could likely affect the number of individuals receiving financial or merit aid. Of course, some of it will also be going to go to funding faculty chairs, research fellowships, etc. When you consider how big the School of Arts & Sciences is, it will be dispersed very quickly.</p>

6

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<p>That was my favorite stipulation. Pitt is all “WE GOT THIS AWESOME DONATION!!!*”</p>

<p>*but uh we can’t use it for like another 15 years probs.</p>

7

<p>Pitt did get an awesome donation. I am sure Pitt can certainly use that future donation (when donor dies) as collateral for taking a loan. The donor is giving both Pitt and Carnegie Mellon a HUGE donation and having students at both schools I am very appreciative of his generousity.</p>

8

<p>[Multi-million-dollar</a> donor to CMU and Pitt has died](<a href=“http://post-gazette.com/pg/11280/1180411-100.stm]Multi-million-dollar”>http://post-gazette.com/pg/11280/1180411-100.stm)</p>

<p>He did a wonderful thing for Pitt and CMU making these arrangements before he passed away.</p>

9

<p>I am glad he got the recognition for these VERY generous donations before he died.</p>