Stanford - billion dollar gift

[Anonymous]

Anonymous wrote:

Anonymous wrote:Agree, PP. And to a school that really doesn't need it. How about taking a billion dollars and starting scholarships for poor, but capable students to get college degrees?

If you care about climate change, the worst thing that you can do is rise more people to the upper middle class.

“The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.’

Winston Churchill

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Agree, PP. And to a school that really doesn't need it. How about taking a billion dollars and starting scholarships for poor, but capable students to get college degrees?

Amen -- from a Stanford grad, spouse of grad, and parent of grad -- and that's exactly why I don't give any $ to Stanford

You know you can earmark your donations to go only to scholarships, right? Not that you need to do that at Stanford (but why not?)...

For example - we direct all donations to our graduate school go directly to the department we studied in. The school funded all of our graduate tuition and provided paid jobs.
Earmarking the money to them means the university is required to add it to the department budget. This allows the department to funnel it to programs that support current graduate students.

We also choose specific places for our undergrad donations to be directed. Never to the university as a whole.

We know the $ gets where we intended it to because those departments write us separately to thank us.

Crazy. I know someone who could not attend Stanford after getting in bc Stanford would only pay for 50% tuition. He is from a poor family. He went to a state school instead.

They could let in kids for much less than they charge.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Agree, PP. And to a school that really doesn't need it. How about taking a billion dollars and starting scholarships for poor, but capable students to get college degrees?

Amen -- from a Stanford grad, spouse of grad, and parent of grad -- and that's exactly why I don't give any $ to Stanford

You know you can earmark your donations to go only to scholarships, right? Not that you need to do that at Stanford (but why not?)...

For example - we direct all donations to our graduate school go directly to the department we studied in. The school funded all of our graduate tuition and provided paid jobs.
Earmarking the money to them means the university is required to add it to the department budget. This allows the department to funnel it to programs that support current graduate students.

We also choose specific places for our undergrad donations to be directed. Never to the university as a whole.

We know the $ gets where we intended it to because those departments write us separately to thank us.

Crazy. I know someone who could not attend Stanford after getting in bc Stanford would only pay for 50% tuition. He is from a poor family. He went to a state school instead.

They could let in kids for much less than they charge.

That must have been years ago. Now kids from families with incomes under $150k pay nothing.

[Anonymous]

what a waste of money.

[Anonymous]

Anonymous wrote:This guy is buying admission for a couple generations of his progeny. The school definitely does NOT need the money. But his great grandkids will all get to be Cardinals.

What a weird, cynical view.

[Anonymous]

Im grateful for this donation! Wish my girls could go to stanford like my brother did. It is an amazing school with great students. May his gift spur many solutions to our climate disaster.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Agree, PP. And to a school that really doesn't need it. How about taking a billion dollars and starting scholarships for poor, but capable students to get college degrees?

Amen -- from a Stanford grad, spouse of grad, and parent of grad -- and that's exactly why I don't give any $ to Stanford

You know you can earmark your donations to go only to scholarships, right? Not that you need to do that at Stanford (but why not?)...

For example - we direct all donations to our graduate school go directly to the department we studied in. The school funded all of our graduate tuition and provided paid jobs.
Earmarking the money to them means the university is required to add it to the department budget. This allows the department to funnel it to programs that support current graduate students.

We also choose specific places for our undergrad donations to be directed. Never to the university as a whole.

We know the $ gets where we intended it to because those departments write us separately to thank us.

Crazy. I know someone who could not attend Stanford after getting in bc Stanford would only pay for 50% tuition. He is from a poor family. He went to a state school instead.

They could let in kids for much less than they charge.

Stanford offers free tuition for families with up to $150K income and "typical" assets. Full ride for income up to $75K.
https://financialaid.stanford.edu/undergrad/how/parent.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Agree, PP. And to a school that really doesn't need it. How about taking a billion dollars and starting scholarships for poor, but capable students to get college degrees?

Amen -- from a Stanford grad, spouse of grad, and parent of grad -- and that's exactly why I don't give any $ to Stanford

You know you can earmark your donations to go only to scholarships, right? Not that you need to do that at Stanford (but why not?)...

For example - we direct all donations to our graduate school go directly to the department we studied in. The school funded all of our graduate tuition and provided paid jobs.
Earmarking the money to them means the university is required to add it to the department budget. This allows the department to funnel it to programs that support current graduate students.

We also choose specific places for our undergrad donations to be directed. Never to the university as a whole.

We know the $ gets where we intended it to because those departments write us separately to thank us.

Crazy. I know someone who could not attend Stanford after getting in bc Stanford would only pay for 50% tuition. He is from a poor family. He went to a state school instead.

They could let in kids for much less than they charge.

If Stanford or any of the top 20 school is asking for 50%, he can be poor himself but not from a poor family.

[Anonymous]

If an applicant from a low income family applies to any of the top colleges, acceptance comes with free ride. That’s one good thing about these schools.

[Anonymous]

Pretty funny that someone thinks that anyone with $12B is worried about admissions anywhere. It's OK that a rich guy might actually be trying to do the right thing. You can say it out loud and nobody will think less of you.

The guy has signed the Gates pledge, he's giving his money away, has written a book on climate change, he has patents. So he's smart, accomplished, a tech pioneer and he's giving his money away. First thing everyone here does is complain that he has made too much money (he agrees with you, by the way, that's why he's giving it all away) and that he is only giving money away to get his grandkids into Stanford.

Never change, DCUM.