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-   -   donations from billionaires to universities (https://gfy.com/showthread.php?t=120457)

deliriumtremens 03-28-2003 09:28 PM

donations from billionaires to universities
 
Why do billionaires donate so much money to universities?
Is it a long-term, medium-term or short-term investiment?
Do students always repay the favour? Do they have to?

Sly_RJ 03-28-2003 09:29 PM

It's usually the college they attended. They'll usually have a building or something named after them.

FlyingIguana 03-28-2003 09:38 PM

either the school they attended or the school they want their kids to attend

iroc409 03-28-2003 09:40 PM

it's tax-deductible, no?

BrettJ 03-28-2003 09:42 PM

they don't have to do it.

there are huge tax benefits to it in the US.

and yeh, we are shameless - the schools name buildings for them - and that strokes their egos.

the microsoft clan 'owns' a bunch of the buildings on UW campus =) Mary Gates hall (mother gates), William H Gates Law School (daddy gates - he is also a regent - kind of like a board of director for the school), there is Paul Allen Library, okay drawing a blank on the rest of them...

~brett

sextoyking 03-28-2003 10:07 PM

Go Huskies Brett!!

Miss seeing them play. grew up in seattle :)


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