Reply to Suit Accuses Georgetown, Penn and M.I.T. of Admissions Based on Wealth

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[quote=Anonymous][quote=Anonymous]What is baffling is people rich enough to donate millions, why do they need to go to mit or an Ivy League. They are already rich.. their kids will be fine.. why do this too?[/quote]

because 99% of the time, the family donating has a rich legacy at the school.  I mean if I'm going to donate $10M to a school, it's most likely my alma mater, not just "a random Ivy or MIT"

My alma mater has one family that has easily donated over $650M  most recently almost $500M for major athletic project.   Their name is on many things on campus.  There is also a professor who donated majority of his profits from a patent--he developed a very profitable drug that everyone has heard of.  He's donated most of the money to the university---his name is on the newest building on campus.  He's also extremely generous with his team and employees in his department.  Fairly certain if he suggests "admit a kid to the university" that kid would get seriously considered if at all remotely qualified.   [/quote]

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