Rich people only have so many kids. For the price of admitting ~2 students every 25 years or so you get a free building or an endowment that pays the way for 10s or 100s of students every single year.
Thanks to the current tax environment the school doesn't have some alternate choice; the state is not going to step in and provide that funding.
As an administrator do you take the money or do you skip out on expanding a department or admitting 20 kids who need a full ride scholarship to attend?
Thanks to the current tax environment the school doesn't have some alternate choice; the state is not going to step in and provide that funding.
As an administrator do you take the money or do you skip out on expanding a department or admitting 20 kids who need a full ride scholarship to attend?