Anonymous wrote:Yes. My college has a $1.5 million endowment PER STUDENT. I give a token amount ($25 a year) just to signal that I support them in general. But if I gave another few hundred, or even few thousand, I can't see that it would make much of a difference.
My undergrad alma mater is in this category, too. I always bought into the idea that as a loyal alum I was supposed to give consistently and increase my giving over the years, but this is one area where the great 2020 rethink changed my mind. I still give a token amount to a one scholarship fund and one fund that supports my major department, but I've started giving 10x as much to a college that mainly serves Black women.
I believe in the private SLAC and there are a lot of them out there that can easily end up in significant financial trouble that imperils their missions if alumni giving drops off or enrollments fall. But my alma mater is not in that category. They will be FINE. And my graduate universities are venerable state institutions overseas and I see no need to make up for inadequate support by the governments there. I'm going to focus on places that are changing lives locally.