What is the minimum $$ I can donate to alma mater and still have my kids eligible for legacy bump?
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Anonymous
| Friend who used to be on the board of an Ivy said the school doesn't care how much (unless it's $$$) but they do note if you haven't ever given. How much that matters is hard to say but I would give some small amount every year to be on the safe side. |
Anonymous
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I went to a state school. I have given every year since I graduated, anywhere from $50 to $500 annually.
I do think they care for the consistency etc. But I am pretty sure also, that for the SLAC and IVY type schools, you would have to be a 6-7 figure donor to move the needle. |
Anonymous
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OP, does your child have any interest in attending your alma mater? Is your child old enough yet for college to be on the radar at all? And if not...You do know that your kid may never want to attend your alma mater, right?
Since you say you'd rather give to charities that don't have a university attached, just do that, and better the whole world as you see fit. I'm hoping your question is just a thought exercise for you and that you are neither angling to buy your kid a college slot nor planning to push your kid to go to your alma mater no matter what. But this being DCUM, of course folks come out of the woodwork to say it's just fine to try to donate a kid's way into college. |
Anonymous
| I know of someone that donated 1,000,000 one year and 250,000 another year/ both years his kids were applying to his Ivy alma matter. Both were accepted. Only reason I know this is I was looking at the family foundation’s 990. So I assume the number is much less for not as well funded schools. |
Anonymous
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No. Just drop this line of thinking.
Let your kid apply where he/she wants and has some chance of being accepted, based upon the merits. |
Anonymous
Merit is assumed here. The question is of the 10s of thousands of kids with merit, can your donations as an alum help yours get picked? |