4 ms·
To be fair, good private schools ($60k/yr ) and their associated activities easily add up to a million over 12 years. It's a lot of money, but not unheard of, e
by screye 2y ago
To be fair, good private schools ($60k/yr ) and their associated activities easily add up to a million over 12 years. It's a lot of money, but not unheard of, even among upper middle class families.
At the same time. If you invest 2 million in an index fund when they're 10, then it'll be ~$40 million by the time the kid is 40 yr old. So, donating it to USC might be a pretty bad investment unless 2 million is a genuinely small amount for OP.
- adastra22 2y ago…you live in a different world than most of us. I don’t know if a single k-12 private school that has tuition anywhere near that in the South Bay Area, except Harker for the upper grades only. Presentation, Bellermine, etc. are all half that.
- alephnerd 2y agoThe truly elite private schools in the Bay (Castilleja, Harker, Athenian, Stuart/Convent Hall, Town, Hamlin, Menlo, College Prep, Head-Royce) cost around $60k-90k/yr per student. > you live in a different world than most of us Probably. Benefits of a dual income household with both earners making mid-6 figs base and fairly hefty bonuses (and equity), and both of us reached this point by our mid-20s. This is a very common household structure in the Bay Area. Your neighbor might be HNW or UHNW and you wouldn't even know it.
- kenjackson 2y agoWhat is HNW?
- teitoklien 2y agoHNW is High Net Worth Individual And UHNW is Ultra High Net Worth Individual
- Fezzik 2y agoHigh Net Worth. Ultra High Net Worth.
- adastra22 2y ago> This is a very common household structure in the Bay Area. But not typical for startup employees.
- alephnerd 2y ago> So, donating it to USC might be a pretty bad investment It is. Before AB1780 it something we heavily considered only because we're Asian American and Asian American admissions at top private like Yale and Harvard have fallen after the Supreme Court's AA ruling, while legacy admissions skyrocketed. Now that AB1780 exists, and will most likely have teeth in the next 30 years, there's no reason to partake in that zero sum game anymore. > 2 million is a genuinely small amount for OP. It comes out to top Bay Area private school tuition for 2 kids over a 16-20 year timeline.
- stanford_labrat 2y agoapologize for the tangent but my cousin and her husband (both asian american, both harvard alumni) chose to move back to our hometown in Seattle so they could send their kids to lakeside, the same school bill gates went to. i assume to increase their chances of getting into harvard. back of the envelope math works out to be $715k for their 5-12 education which may be more bang for your buck but also the college entrance strategy is not so much based on donor contribution and more on target school selection.