> If equity is so important, why not grant preferential treatment to all children coming from families that aren't upper-middle-class? Or ban legacy preferences

> If equity is so important, why not grant preferential treatment to all children coming from families that aren't upper-middle-class? Or ban legacy preferences at the very least? Because the equity that the school cares about above all else is its endowment, and rich family legacies give more than anyone else by far.