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lol
I wish this would have happened to me. My husband would have a field day in this situation. What did you actually say in the moment? “Ahem. Seriously? I mean, what? We have 5 kids to put through private school, college, and grad school…what makes you think we have $100k to donate? Is this a joke? Are we being punked?” |
That’s why they didn’t ask you. Who do you think is paying for your kids’ amazing arts program and state of the art science labs? It’s not the contrarians. |
| It is interesting how many people earn a living from the industry of extracting resources from HNWIs. |
| 100k over 5 years is $20k/year. That's 3-4% of your income. If you bought your house at $800k and clearly don't have high fixed vehicle costs, I really don't think this is an ask that's so high as to be rude. The fact that you have 2.5million in investments means you obviously aren't spending every penny you earn. Presumably they're starting a negotiation by asking for a little more than they think you will actually give. You should feel free to decline if it's outside your budget, but I think being insulted is the wrong response here. |
Eh. More people earn a living extracting resources from Jane and John Doe. Including many HNWIs. |
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Don't freak out too much.
I gave $1,500 to a specific political candidate once (first $1K about a month before the election, then $500 in the week before the election that I figured would get used on ads because the race was neck and neck). I felt very strongly about that specific candidate and that race. I also did door to door work for the candidate on election day. My family's less affluent than OP's and we are very thrifty. The above is the only political contribution I've ever made except $20 to a city commissioner candidate. Also the only time I've campaigned. After that, I did get occasional calls from the entire party and its candidates asking me to chip in with $1K as the starting suggestion. Those calls always took my breath away as I've never made a snap decision about that amount of $. The school is probably asking every family at your school who is not in need of financial aid. I had a cousin who was well-educated, married, had a pension, and didn't have kids. When he passed, his will donated a fair bit of money to the SLAC that he and his wife attended and that his parents met at. He got his name put on a renovated facility within the student union. I don't know how much he gave but it was probably a decent chunk of his lifetime wealth. Have another elderly childless distant relative who got a huge payout from a wrongful death/malpractice lawsuit re: her husband and put it all into scholarships for local kids. There was a story around me where a union forklift driver donated about $1M (his entire life savings) for scholarships. People can have surprising resources, especially because the stock market is doing well. Sounds like they are just shaking the trees. A bit gracelessly. A background data mistake is also probable. Like maybe your house value is wrong. I also think statistically the high number of kids you have is a marker of extra affluence at the upper end of the American income/wealth distribution. |
This is not unusual if a school is running a capital campaign. They often do the big asks privately before they launch the public campaign so they adjust their fundraising goals if needed and can say "we've already raised whatever amount." Clearly their information about your means is incorrect, and it's perfectly okay to tell them that you aren't in the position to contribute that much and will consider making a donation once the campaign is beyond its quiet phase. |
This |
Are you in development? Putting parents on the spot with an ask that large isn’t smart. Development 101: if a donor last gift was $1k, try to move them up to $2,500 or maybe $5k…maybe $10k if you have clear evidence of routine gifts elsewhere. But asking for $100k is poor judgment. The nonprofit where I work (along with some others I know) panicked and started doing this. Most of the donors were too flustered to complain directly during the ask and waited a few days before sharing their disappointment with such a ridiculous ask. Having said that, a few of the $100k asks ultimately delivered $25k gifts…and maybe that was the real goal? But they definitely alienated a bunch of donors along the way. In short: it’s a desperate move that makes donors question your judgment and financial resilience. |
| Can anyone recommend a brokerage that doesn't sell your asset information to these data collectors? |
I work in fundraising (not in schools) and can tell you that your HHI + value of your house + what you have in the stock market, all triggered wealth screening indicating that’s a likely gift for you. Most of those wealth screening tools are ridiculously expensive and notoriously wrong. Also, this is just bad fundraising. |
+1 It is bad fundraising. Wealth screening for assets really doesn’t provide any insight into your inclination or capacity to give. Your history of giving is a better indicator. I hope the school reads this thread and recognizes their error. Op: did they ask you for a lesser amount, and where will you ultimately land? $5k? $10k? |
Try to keep up. If your child’s school is purchasing personal data about their families from the legally dubious black data markets, to estimate their assets and wealth, that is a violation of privacy for these families. That is a violation of trust. They should absolutely ask for consent before engaging in these highly concerning data collection practices that most of us view a gross abuse of our privacy. Calling this publicly available data is just not accurate. It is personal data that is brokered and sold by companies operating in a legal gray area. The individuals have not knowingly consented to this but it happens anyway. These families would be very upset if they understood what the development offices were engaging in. That is why the schools do not ask for consent. Nobody would give it. The fact that these schools are actually supporting these black markets for personal data by paying for the data is even more upsetting. |
Wow, this level of entitlement is unbelievable even on this forum. And I speak as a private school parent. Of course it was so selfless for you to have five children and deciding to send them to a private school. What an effort. |
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Op here — if we were to offer any kind of gift to a private school (which I don’t anticipate — if we ever had the money to donate big somewhere I have a hard time seeing how I would pick an elite private school already rolling in dough over, you know, the poor) it would be to our high school, which already gives my high schooler and middle schooler big tuition breaks for merit. If we gave our elementary school this saved money, it would be almost like we were taking it from our high school.
Ok. Thanks to all. I’m going to try to move on with my weekend although I am itching to know whether/ how they researched us and what they were smoking while they did it! We are planning to say we will give $500 extra per year as usual. |