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I wouldn't donate to universities in general. The have growing endowments which they don't spend. It also adds the income inequality in the US, you are essentia
by ma2rten 6y ago
I wouldn't donate to universities in general. The have growing endowments which they don't spend. It also adds the income inequality in the US, you are essentially donating to the education of rich people.
Note that PG talks about non-profits not schools.
- freedomben 6y agoI don't disagree with what you've said, but your Note is wrong. PG in the article specifically uses a University donation as an example.
- ma2rten 6y agoBut it says that universities are the exception. It's more of a counterexample.
- sokoloff 6y agoMany universities are non-profits.
- jdavis703 6y agoUniversities are probably the main mechanism we have for economic mobility in the US. There’s almost no where else in the US where the government will give a kid from a poor family thousands of dollars to invest in their long-term well being (and that kid will wind up repaying in taxes their education anyways.)
- doktorhladnjak 6y agoIt really depends on the university. Many do not have substantial endowments. Many educate a disproportionately high number of first generation or low income students.
- remote_phone 6y agoSchools like Harvard and Stanford give away free tuition to students whose families make less than 120,000. This is directly from their endowments.