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They're private clubs, not public charities. One of the reasons people want to go to these schools is because they have lots of resources. If you ban wealthy p
by rb808 8y ago
They're private clubs, not public charities.
One of the reasons people want to go to these schools is because they have lots of resources. If you ban wealthy parents and alumni from donating, the school wont be outstanding, so the University has good reason to accept these.
- darkpuma 8y agoPragmatically defensible corruption is still corruption.
- mcguire 8y agoTechnically, they are public charities. https://www.aau.edu/sites/default/files/AAU%20Files/Key%20Issues/Taxation%20%26%20Finance/Tax-Exempt-Status-of-Universities-FINAL.pdf https://www.aau.edu/sites/default/files/AAU%20Files/Key%20Is...
- gowld 8y agoYour link does not support your claim: "charitable, scientific, testing for public safety, literary, or educational" Obviously a university is scientific and literary, and a college is educational.
- dragonwriter 8y ago> They're private clubs, not public charities. Actually, they are publicly subsidized (by tax deductibility of donations made to them) because they are private charities.
- cm2187 8y agoPlus it may not be against the interest of the other students to get a chance to network with rich kids (and the related future business/investment opportunities).