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Re:Carnegie Mellon, University of Pittsburgh end use of lega... by gizmo686 on Wednesday July 19, 2023 @12:33PM (#36789156)
Why tie it to legacy though?

The university could just offer a secondary admissions pool with a higher tuiting cost.

Re:Carnegie Mellon, University of Pittsburgh end use of lega... by kansface on Wednesday July 19, 2023 @12:38PM (#36789237)
They could, but they make more money by keeping the clearing price unknown.
Re:Carnegie Mellon, University of Pittsburgh end use of lega... by lotsofpulp on Wednesday July 19, 2023 @12:38PM (#36789234)
Then your $1B is provably not a donation, and hence subject to taxes.
Re:Carnegie Mellon, University of Pittsburgh end use of lega... by lazyasciiart on Wednesday July 19, 2023 @01:26PM (#36790040)
It’s already not a donation if it is tied to a benefit to a specific person in your family.
Re:Carnegie Mellon, University of Pittsburgh end use of lega... by lotsofpulp on Wednesday July 19, 2023 @01:29PM (#36790084)
The “provably” in my comment is meant to indicate that people would actually be afraid of falsely claiming donations which are really payments to increase m chances of their kids’ admission, since they could be proven guilty of tax evasion.