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THIS. schools have mandates on revenue, for T1 research place like Harvard 1/3 is from tuition and 1/3 from alum donation, so that’s wealthy kids, and incentive
by xiaolingxiao 7y ago
THIS. schools have mandates on revenue, for T1 research place like Harvard 1/3 is from tuition and 1/3 from alum donation, so that’s wealthy kids, and incentive for their parents to donate. Overtime schools realize there are polite metric to measure for wealth and likelihood of parents donating, and use these metrics to hit their revenue mandate. Also recruiters come to Ivies looking for cultural fit, so you have to serve up a certain kind of product (people) to appease your recruiters
- extra88 7y agoI don’t know about the whole University but only ~25% of the operating budget of the Harvard school that includes Harvard College comes from students (tuition, room, & board) and that has been on a decline as more and more of admitted students receive financial aid. Donations used directly for operations is way, way less than 1/3rd. A little over half the operating budget comes from interest on the endowment, I don’t know how to figure how much of that can be attributed to donations rather than investments, patents, etc.
- xiaolingxiao 7y agoAh my mistake, I meant to say proceeds on endowment. The development office is always hounding people for more gifts though
- the_reformation 7y agoDumb question- why is 1/3 from donation when the endowment is so massive?