A 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

A 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.