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College and University Discussion
Reply to "Carnegie Mellon and Georgetown - why so low endowments?"
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[quote=Anonymous][quote=Anonymous]CMU is more than a century younger than many of the other universities mentioned in this post. It started as Carnegie Tech in 1900. It was also not founded as an elite school for the wealthy but as a tech school for the sons and daughters of Andrew Carnegies steel workers. It eventually merged with Mellon College of Science but was only considered a good regional school until about 40-50 years ago. It is playing catch up, but hard to beat old money millions from the 1700s, 1800s with all of that compounding interest, legacy of giving back, and such.[/quote] That’s a fair point [/quote]
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