They'll just raise tuition to make up for it.
I've seen many people leave universities assets out of their estate when they die. It's very common. Look at T. Boone Pickens and what he did. I think a lot of times people think the education they got in college is what gave them the success they've had. Probably true in some cases and not in others.Why in the fawk would anybody donate to an institution they graduated from? I don't send money to my High School, and If I had completed college which only attended one year, I would feel my loyalty to that school monetarily would end when I graduated and paid my tuition.
How is that any different than paying a mechanic to fix your car? You paid for a service performed, and upon completion, it's paid and it's over.
The amount of endowments (donations) to colleges is insane.
Harvard university is sitting on 53.2 billion dollars. Yes billions.
Meanwhile enrollment fees keep increasing. Why?
Endowment investment returns for the year—net realized and unrealized gains (after investment fees and expenses)—totaled a staggering $12.8 billion.
Edit:
July 25, 2022
The University of Oklahoma received a record $317 million in gifts and pledges during the fiscal year that ended June 30, surpassing last year’s record of $237 million. The record-breaking fundraising performance, shepherded by the OU Foundation, positions the university for continued growth and success.
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