milsub5517 Posted April 17, 2009 Report Share Posted April 17, 2009 How cool is this? i hope this happened for the right reasons and not because money came from "questionable" sources. One of the conditions was that most of the money goes directly to students in scholarships. Probably some hedge fund manager who made a killing in last 12 months shorting everything and everyone now feeling bad how college financing dried up ... in any case its cool that not everyone "up there" likes to show off. In my last university the guy who gave millions every year made sure everybody knows where the money come from. Lol, you have to write thank you letters every year (if you receive a scholarship), like they care or have time to read these letters. This guy (or guys) get thumbs up from me !!! http://news.yahoo.com/s/ap/20090416/ap_on_...s/mystery_gifts Quote Link to comment Share on other sites More sharing options...
Toadtorrent Posted April 17, 2009 Report Share Posted April 17, 2009 That is something. Quote Link to comment Share on other sites More sharing options...
Corgi Posted April 17, 2009 Report Share Posted April 17, 2009 Stupid. They make enough money already. Give it to a charity, for marginalized people, or for starving people in developing countries... Quote Link to comment Share on other sites More sharing options...
TeeJay Posted April 17, 2009 Report Share Posted April 17, 2009 If the colleges can use the money to give more scholarships to people who would not ordinarily be able to afford tuition, then that can only be a good thing Quote Link to comment Share on other sites More sharing options...
milsub5517 Posted April 17, 2009 Author Report Share Posted April 17, 2009 one of the conditions was that most of the money goes directly to students in scholarships. starving people in developing countries? only if you go there yourself and give out money on the streets, otherwise most of it will end up in corrupt official's pockets. lol, i grew up there and seen how it works. unfortunately, with corrupt governments there is very little you can do by just giving money. Stupid. They make enough money already. Give it to a charity, for marginalized people, or for starving people in developing countries... Exactly, that's why money are going directly to students who cant afford insane cost of education and we need more educated people in this country. on the other hand this is a drop in a sea for big universities. Here is how much some schools had in '08: Harvard University $ 36.556 billion USD MIT $ 10.069 billion University of Chicago $ 6.632 billion etc Quote Link to comment Share on other sites More sharing options...
Logan Posted April 18, 2009 Report Share Posted April 18, 2009 I'll bet in the long term this feels way better than another jet, yacht or house.. Quote Link to comment Share on other sites More sharing options...
Clerek Posted April 18, 2009 Report Share Posted April 18, 2009 yeah, and meanwhile my university get's gutted from the inside out. They are doing 21.5% cuts for this next year!!! They originally were planning on 5% but moved from that to 21.5%!!! Please donate to my school... Please... Quote Link to comment Share on other sites More sharing options...
jeff g Posted April 18, 2009 Report Share Posted April 18, 2009 Giving is a good thing. Quote Link to comment Share on other sites More sharing options...
Maxim Posted April 18, 2009 Report Share Posted April 18, 2009 Maybe it was someone that is upset with the Ivy League, because by the looks of things none of the top names got anything. Quote Link to comment Share on other sites More sharing options...
Shundi Posted April 18, 2009 Report Share Posted April 18, 2009 one of the conditions was that most of the money goes directly to students in scholarships. starving people in developing countries? only if you go there yourself and give out money on the streets, otherwise most of it will end up in corrupt official's pockets. lol, i grew up there and seen how it works. unfortunately, with corrupt governments there is very little you can do by just giving money. Exactly, that's why money are going directly to students who cant afford insane cost of education and we need more educated people in this country. on the other hand this is a drop in a sea for big universities. Here is how much some schools had in '08: Harvard University $ 36.556 billion USD MIT $ 10.069 billion University of Chicago $ 6.632 billion etc That Harvard number is a little different now They just halted construction of their 400 million dollar science center until their endowment pops back... Still, a great gesture and, sadly, a necessity in a country where college funding has slumped so significantly in the last few years. By the way- are you a student or faculty mil_sub? Quote Link to comment Share on other sites More sharing options...
milsub5517 Posted April 21, 2009 Author Report Share Posted April 21, 2009 im neither but still have some love left for my Alma Mater. yes Hahvahd is down by ~6billion this year, but their endowment is still bigger than entire economies of some countries. lol. That Harvard number is a little different now They just halted construction of their 400 million dollar science center until their endowment pops back... Still, a great gesture and, sadly, a necessity in a country where college funding has slumped so significantly in the last few years. By the way- are you a student or faculty mil_sub? .. me thinks that this is something personal. Maybe it was someone that is upset with the Ivy League, because by the looks of things none of the top names got anything. Quote Link to comment Share on other sites More sharing options...
marrickvilleboy Posted April 21, 2009 Report Share Posted April 21, 2009 Maybe it was someone that is upset with the Ivy League, because by the looks of things none of the top names got anything. I think the ivies already have quite a bit of money - plus maybe its the graduates of ivies that created half of this mess. The donor thought he'll put in some money elsewhere. Quote Link to comment Share on other sites More sharing options...
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