<p>Thanks truth123. As I suspected, alumni donations and the per capital figure is only a fraction of the story. Ostensibly, donations from foundations and non-alumni really seem to lag at UChicago. As like last years thread, I’m really curious to know why this is the case, and no promising theories have yet been raised in this thread. There were some misleading opinions (eg phuriku and poplicola) focusing too much on alumni donations - which are only part of the larger picture. Any other ideas?</p>