Stanford first to raise $1 billion in a single year - Printable Version

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Stanford first to raise $1 billion in a single year - Bruce Wang - 02-20-2013

http://news.yahoo.com/stanford-university-1st-college-raise-1b-051248286--finance.html

Back when I was applying to school what dinged Stanford in the USNWR rating was alumni satisfaction.  Everybody here knows how proposterous that is.  They used alumni giving rate as a proxy for satisfaction, which is ridiculous in Stanford's case because the school doesn't have the same multi-generational giving and matriculation as the Ivy League.  Using giving also unfairly dings public institutions.  Futhermore there's a thought out there that the Stanford graduate schools discriminate against Stanford undergraduates in the effort to make us get academic diversity.  If the Ivy League is keeping more of their own within their graduate ranks, then they would keep more of the giving. I also wonder if some of us figure that the Stanford billionaires will pick up the slack so don't give at all.  Or that the school has so much money that there are more deserving charities out there.  Anyways it's hard to say that the alums are less satisfied when they give $1 billion, or when the football team goes to BCS bowl games 3 years in a row.

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Re: Stanford first to raise $1 billion in a single year - jayasena - 02-20-2013

Looks like the California Pac-12 schools did quite well. In addition to Stanford, USC is #4 on the list (with $492m) and Cal the top public school ($405m). No mention of UCLA in the article.

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Re: Stanford first to raise $1 billion in a single year - Bruce Wang - 02-20-2013

Yeah the high $C number struck me.  Must have the highest giving/quality of education ratio in the country.

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Re: Stanford first to raise $1 billion in a single year - jayasena - 02-20-2013

USC is in the middle of their own version of the the Stanford Challenge, aimed at raising $6b or so over a multi-year period. Of course, their number is a little less impressive on a per-capita basis, if only compared to Stanford's.

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Plutocracy has its benefits - Redrum - 02-20-2013

I saw the UC Berkeley's  total, $405 million and had two reactions.  First,  whether the totals for all the schools  included money pledged for the athletic depts.  I suspect not, but don't know for a fact.  Second,  how is it that a school that has roughly 4.5X as many students as Stanford can raise less than half as $ much?

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Re: Stanford first to raise $1 billion in a single year - Kathy - 02-20-2013

Because weenies are blue-collar heroes and Stanford alums are spoiled elites who got what they have by treading on the backs of the blue-collar heroes ... etc., etc., etc. Remember, we didn't build that.  ;)

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Re: Stanford first to raise $1 billion in a single year - Roberton3 - 02-20-2013

(02-20-2013, 07:41 AM)Publius link Wrote:Using giving also unfairly dings public institutions. 

How is that unfair?  Giving is certainly higher at private schools, but my sense is that largely reflects differences in school quality and alumni satisfaction (and perhaps also that private schools tend to attract students who put a greater value on education).  And that's what it's trying to measure.  It's far from a perfect measure, of course, but it doesn't seem inherently biased against public schools.

Perhaps 30 years ago, public schools weren't making any effort to get alumni donations.  But that's certainly not true now.  My girlfriend's PhD is from a public university, and she gets even more mail from them asking for donations than I get from Stanford.

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Re: Stanford first to raise $1 billion in a single year - pincemob - 02-20-2013

Some public school alums probably feel their tax dollars are their way of "giving back". 

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