<p>It just seems extremely stupid, especially if you graduated from an Ivy league school or any other well funded school.Why do people feel that they need to donate such large amounts of money,I mean they already gave them atleast 150k.No one should feel like they owe the schools anything,they don’t care about you.</p>
<p>If you already posted in the earlier version of this thread it got deleted so please re post your comments here.</p>
<p>Some people appriciate the education the school gave them. Also, donating enough money gets your name on buildings and your children accepted.</p>
<p>You’d have to donate a HUGE amount of money to get your name on a building and I also heard that you need to give a million dollars for one of your kids to be accepted.</p>
<p>But I’m mainly focusing on the harvard grad who makes about 350k a year and donates 20k each year.</p>
<p>alma mater = nourishing mother</p>
<p>Alumni giving is an act of appreciation and gratitude. Furthermore, even well endowed schools use donated funds. They may increase endowment or be put toward a specific purpose, such as Dartmouth’s recent building of a rugby fieldhouse–something which the school would never build with its own money. Money can be donated toward a specific department or club or scholarship fund. </p>
<p>Former students owe their schools whatever they feel they owe them, beyond tuition. A student who got little out of his time at a school will probably not donate large amounts of money there; however, a student who found his wife, friends, career, passions, and future at the university may feel he owes the school a tremendous amount beyond payment for classes, room, and board. </p>
<p>Schools do care about their alumni. Why would you feel otherwise? Schools chose their alumni in the same way that they are choosing you as a student now. They educated these alumni and spent time thinking about what they wanted and needed out of a school. There are extensive alumni networks, often supported by the school. There are alumni clubs and organizations and privileges at most universities. Schools take pride in their alumni because they were the ones, in part, who made them who they are today. Schools exist for their students, so they care about their former ones.</p>
<p>It seems that a better use for your money would be to give to a charity that would help starving children rather than adding to the multi-billion dollar endowments. Don’t bother saying that you can do both. It is a zero-sum game.</p>
<p>Concerning donating to a college for admissions purposes: I remember a reporter’s article where he asked the pres of Harvard how big a gift would have to be before it would help someone to get admitted. The president thought for a few seconds and then said 50 million.</p>
<p>May be a better use of the money that comes from your success would be to pay taxes to a government that helped make educational and other opportunities available to others. Or at least vote for a government that would do that.</p>
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<p>You could be right because I heard the million dollar thing over here at the Harvard sub forum.</p>
<p>Use the money to start your own school.</p>
<p>"It seems that a better use for your money would be to give to a charity that would help starving children rather than adding to the multi-billion dollar endowments. Don’t bother saying that you can do both. It is a zero-sum game.</p>
<p>Concerning donating to a college for admissions purposes: I remember a reporter’s article where he asked the pres of Harvard how big a gift would have to be before it would help someone to get admitted. The president thought for a few seconds and then said 50 million."</p>
<p>If you want to feed staving children, vote for Democrats. If you want to get your children into Harvard, give $500,000 and hint at more.</p>
<p>When did this turn political. I think the philosophical difference is that Republican want private charities to do the job while Democrats want the govt to handle it. (I have a pretty low opinion of the way govt does stuff.) John Kerry, Bill Clinton, Hillary Clinton, Joe Lieberman, and Howard Dean all went to Yale. I assume they make donations. Maybe not, though. Chelsea went to Stanford.</p>
<p>Because they can.</p>
<p>That doesnt speak for much. The Prez (Bush) went to Yale and Harvard… Looks like The Ivies are losing their touch ;)</p>
<p>People give to their alma maters the same reason that they’d give to any other organization: They believe in their alma mater’s mission, and they want to support it.</p>
<p>I have spent a lot of time and money volunteering with my alma mater. Why? I appreciate the education that I got there, know that what I paid was not the total cost of the education (While I was on scholarship, even if someone pays full cost, that doesn’t cover the entire cost of their college education), and I want to do what I can to support the college and to help other people get the opportunities there that I did.</p>
<p>I also very much feel that my alma mater cared about me when I was a student, and I feel that it still cares about me as an alum.</p>
<p>My husband and I donate every year to the schools where we got our bachelors degrees. We don’t send a huge amount of money, but we do contribute. We hope that our children will do the same for their alma maters someday. We are appreciative of the schools that gave us the starts on our career and adult lives.</p>
<p>People give to a lot of different organizations. I donate to natural disaster victims, AIDS organizations, food programs, political groups, my school, and many other organizations. The majority of people do not “weigh” non-profits and give all of their donated money/time to the “best;” they give some money/time to a number of them.</p>
<p>why give your inheritance to your family?</p>
<p>if you love something, you will do whatever possible to keep it active and positive and useful for the future…money is always good.</p>
<p>tax-deductable too.</p>
<p>I doubt that someone making 350K is donating 20K a year to their alma mater. 350K in the northeast with kids and a house is not rich as you might think. Maybe $1-5K if they are really devoted. Keep in mind private school tuition runs 20K and up.</p>
<p>Well a lot of the financial aid is derived mainly from the money given by alumnis;</p>
<p>I’ve applied to many schools and if I do get a large amount of financial aid because of my circumstances, then I would definately give back to the school to show some gratitude and to help out future students</p>
<p>[url=<a href=“http://talk.collegeconfidential.com/showthread.php?p=539157&highlight=million#post539157]This[/url”>http://talk.collegeconfidential.com/showthread.php?p=539157&highlight=million#post539157]This[/url</a>] is probably a fake but otherwise it would be interesting…</p>
<p>^^^^^^</p>
<p>Lol</p>
<p>“I love the spoils system” lmao</p>