Anonymous wrote:You'll find the same thing for other super wealthy people, I'm sure this is common in the top of the VC/PE/HF world. I was looking at someone's 501c3 for their personal foundation and they donated 3.1 million to their Ivy alma matter the year before one kid applied and 2.1 million the year before the second applied. Both were admitted - I assume they had different level stats and the donations other years were much smaller (less than 20k usually).

We see this at our private - the ivies with their huge endowments are quite money grubby

You'll find the same thing for other super wealthy people, I'm sure this is common in the top of the VC/PE/HF world. I was looking at someone's 501c3 for their personal foundation and they donated 3.1 million to their Ivy alma matter the year before one kid applied and 2.1 million the year before the second applied. Both were admitted - I assume they had different level stats and the donations other years were much smaller (less than 20k usually).

Anonymous wrote:

Anonymous wrote:I would be more impressed if he spread the wealth to more state schools and added a zero to the end. The amounts he is giving are peanuts for him.

Why would he do that? He is not interested in his kids going to a state school? Why don’t you spread your money around state schools?

We spread our money around to state schools.

Anonymous wrote:I would be more impressed if he spread the wealth to more state schools and added a zero to the end. The amounts he is giving are peanuts for him.

Why would he do that? He is not interested in his kids going to a state school? Why don’t you spread your money around state schools?

Anonymous wrote:

Anonymous wrote:Generally kids of billionaires are raised with very high standards. The parents can be tough task masters.

An unemployed 30 yr old Princeton econ grad killed his fund-manger father for reducing his weekly allowance from $1000 to $300.


https://www.google.com/amp/s/www.buzzfeednews.com/amphtml/tomnamako/thomas-gilbert-killed-father-allowance-sentenced

Yet, folks are mad about POC taking spaces at Ivies when they should be blaming admits like this.

What a douche.

I would be more impressed if he spread the wealth to more state schools and added a zero to the end. The amounts he is giving are peanuts for him.

Anonymous wrote:I really, really, REALLY hope that President Warren can stop this.

Too bad it won’t happen. I will not vote for her.

Anonymous wrote:I really, really, REALLY hope that President Warren can stop this.

Why? This seems like an odd thing to feel strongly about.

People with more money can buy (perceived) better things. Sellers with (perceived) better things will try to charge rich people more. It's all so unfair. Let's get the pitchforks.

[quote=Anonymous][quote=Anonymous]Not addressed in the story is the very obvious question: why do children of billionaires want or need to go to college AT ALL? They are set for life if he gives them even a tiny fraction of his fortune.[/quote]

Nobody wants people to think their offspring (their genetics) are idiots and/or lazy.[/quote]

They don't need to go to college to prove they are smart and/or industrious.

Take daddy's money, run their own foundation... the possibilities are endless.

For all his supposed genius, Shaw did a really poor job of seeking advice on how to manage his public image here.

Anonymous wrote:Distaste, yes. However, this benefits the whole school/student body (including the not wealthy kids). Besides, the number of ultra-rich who can do are miniscule.

Otoh, the "side door" people (i.e. Huffman, Loughlin, etc) are problematic. What they do only benefits their kids and the corrupt school officials who are taking the bribes and there's a lot more of them.

A slippery slope when one starts forgiving little transgressions - where does one draw the line? Does the end justify the means? And mother is a hypocrite- telling other parents not to be fixated by rankings etc etc and she herself is.

That story was SAVAGE.

Distaste, yes. However, this benefits the whole school/student body (including the not wealthy kids). Besides, the number of ultra-rich who can do are miniscule.

Otoh, the "side door" people (i.e. Huffman, Loughlin, etc) are problematic. What they do only benefits their kids and the corrupt school officials who are taking the bribes and there's a lot more of them.