Re:People from elite backgrounds increasingly dominate acade...
by TrackerFF on Monday July 11, 2022 @04:13AM
(#32053533)
Those endowment funds need donors.
Or, maybe they don't anymore. But I bet that historically, there must have been some baked-in probability of how much a student will potentially give back in the future.
Not sure how that correlates with old vs new money. But coming from old money has some clear advantages, like knowing how to play the game.
(I'm fairly sure at least business schools judge applicants on their potential power and influence, in the future.)
Or, maybe they don't anymore. But I bet that historically, there must have been some baked-in probability of how much a student will potentially give back in the future.
Not sure how that correlates with old vs new money. But coming from old money has some clear advantages, like knowing how to play the game.
(I'm fairly sure at least business schools judge applicants on their potential power and influence, in the future.)