Quote:
Originally Posted by Slava
It's a bit of a tangent of course, but why do people donate to their alma mater? I get calls from mine and I just feel like there are many other worthy causes for me to give donations to. I paid for my education and kind of feel like that was enough money for the school, but maybe I'm missing something?
|
They're trying to copy the culture of American colleges, where a big portion of their revenues come from alumni and endowments. Philanthropic support accounts for 10 per cent of all college revenue in the U.S. As recently as 2000, it accounted for 16 per cent. Harvard alone has a $36
billion endowment. Americans often have a much more passionate connection to their alma mater than Canadians do (sports programs help). Canadian universities are trying to build up the same sense of loyalty.