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Reply to "CA Governor signs bill to ban all legacy admissions at private CA colleges (USC, Stanford, Santa Clara, etc)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Serious question. Why would an alumn give money to his/her school if there is no way it will help your child even in some small way don’t the road? Isn’t this going to kill alumni giving?. [/quote] Ask Amherst. I’ve also been curious about this.[/quote] Okay now I was curious so I went back and looked….Amherst eliminated legacy in 2021 In 2020 annual fund donations were a little over 11M with 44% participation. Looks like FY18 were 10.7M For FY24, annual fund donations were 9.1M with 35% participation. So looks like a relatively small decrease — total operating expenses for the year are over 200M so alumni donations seem to be a relatively small percentage (although maybe the big donations go into a different bucket?). TLDR: the schools have such large endowments that they don’t actually care about the alumni donations that much.[/quote]
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