Reply to What is the minimum $$ I can donate to alma mater and still have my kids eligible for legacy bump?

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Reply to "What is the minimum $$ I can donate to alma mater and still have my kids eligible for legacy bump?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Thanks.  I'm more worried about it from the bad slacker end.  I'm less concerned about trying to "buy my kid in" or something.  It's more like, if I give zippo ever, are they going to think my kid is a bad prospect or something and then my kids' application will be harmed by my lack of participation?  Do I need to give a little protectively to avoid that?  [/quote]

No. If you gave nothing, it will not impact your kid’s admission in any way, shape or form. Unless you’re donating enough to have a wing added on somewhere on campus, the amount you give (whether it’s $0 or $100 or $1000 a year) doesn’t matter. [/quote]

I used to work in university development. Donations of less than 25K are generally handled in a more automatic process. After that point you will get a human contact but again keep in mind this is a minimum threshold.

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I am 2500 a year and I have a person.  Now that is every year for a number of years and am biglaw partner but she meets with me at my office once or twice a year.  School has multi-billion endowment.[/quote]

You have a person who meets with you regularly because their data suggests that you have capacity. That + your giving history leads them to believe that there are bigger gifts possible in the future. [/quote]

TRUE. I was going to say the same. They are also hoping for a mention in the will. $2500 is chump change. It’s seven figures at Harvard. [/quote]

DP.  It may be 7 figures at Harvard. Obviously, all schools are not Harvard. But people on this board consistently overestimate the amount of $$ it takes to get on the radar at the vast majority of universities (I think it’s how they rationalize not giving). Consistent giving over a long period of time is definitely recognized, 5 figure giving is notable, and 6 figures will get you a development officer that is your best friend. This is even at schools with a large endowment. Endowments are usually limited in how they can be spent, so schools are always looking for scholarship money, etc. How that translates into admission depends on the school. Some don’t consider legacy or giving at all. For others, it’s a significant finger on the scale.

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It cost 2.5 million to get Jared Kushner into Harvard 20+ years ago.   I imagine it's significantly higher now. 
https://www.townandcountrymag.com/society/money-and-power/news/a8718/daniel-golden-college-admission/

The percentage of alumni donating to the country's top 20 universities dropped over the last 10 years, but the average alumni contribution nearly doubled—meaning that this crucial source of support is coming from large checks written by a relative few. In 2015 alone, seven individuals made gifts of more than $100 million apiece to higher education, including one bequest. And as the ultrarich boost philanthropy to universities, the price for giving their progeny an admissions edge has escalated correspondingly. "People think that if they give a couple hundred thousand or a million they're big donors. That's just no longer the case at major universities," Notre Dame's Bishop said. [/quote]

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