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Reply to "Carnegie Mellon and Georgetown - why so low endowments?"
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[quote=Anonymous][quote=Anonymous]Georgetown's relatively small endowment has been a problem for a long while. When I was in college (early 90s) my senior year there was not enough financial aid to go around. Seniors were told they could go to their flagship state university and still graduate from Georgetown. At the last minute, there was some deal where funds were found at the law school and loaned to the undergrad operations so that financial aid could be provided to seniors . . . I'd always heard that the reason for the relatively small endowment (relative to the prestige of the school and success of its grads) was because it's a Catholic institution and people feel like when they give to the church, they're "covered" or something like this (even though the Catholic church does not financially support Georgetown U.)[/quote] Wow -- I graduated in 1993 and had significant financial aid. Not once did I hear that there wasn't enough to go around. GU didn't start raising money for an endowment until the late 60s I think -- at least that's what I remember hearing when I was on campus. Worked in admissions for 2 years and vaguely remember hearing it. I donate a meager amount every year. I was also a public school kid -- I steered clear of the "BP"s whenever possible. ("Beautiful People, usually the business school kids who were products of private school.) [/quote]
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