2 ms·
"older schools, in the aggregate, have more alumni," What would effectively be the difference in alumni between a college founded in 1693 and 1890 or even 1930
by larrys 13y ago
"older schools, in the aggregate, have more alumni,"
What would effectively be the difference in alumni between a college founded in 1693 and 1890 or even 1930 by that thinking?
- EvanKelly 13y agoA school founded in 1693 has a 200 year head start on alumni donations on the school founded in 1890. Living alumni are not the only ones whose money is in the endowment. I'm not sure how recent the phenomnenon is, but many people bequeath much of their wealth to their university when they pass. 200 years of alumni, and in the case of many of the named schools, especially wealthy alumni can have a dramatic effect.
- SatvikBeri 13y agoCompound interest. Many schools invest part of their endowment and use part for expenses. So older schools have a literally exponential advantage.