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07.07.08, 10:17 AM NY Schools
7 replies
DC are in K and preschool. How much should DH and I start giving to our colleges now if we want to give the kids a legacy advantage when they apply? [ Reply | Watch | Flag ]
NY Schools 07.07.08, 10:17 AM Flag
 

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As much as you can. They want you to give what you're able and increase that as you become more able. They look more at a record of giving than the dollar amount --- that is, unless you're bill gates and planning on giving millions. Then all bets are off. I do a few hundred a year with bigger numbers at the mile markers -- 1000 at the 10 year, etc. [ Reply | More
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General Topics 07.07.08, 10:26 AM Flag
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keep dreaming [ Reply | More
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General Topics 07.07.08, 10:30 AM Flag
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What does that mean? [ Reply | More
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General Topics 07.07.08, 10:32 AM Flag
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basically to give a monetary advantage (different from legacy) you need to donate big bucks, more than a few hundred or a thousand. Seriously. A wing with your name on it will help in that way. Otherwise, having a parental legacy is helpful in its own right [ Reply | More
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General Topics 07.07.08, 10:35 AM Flag
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Being a legacy, meaning you just went there 20 plus years ago, with no involvement isn't much better than nothing at all. The whole point to these schools is keeping legacies connected, which means donating $$ and time. So doing interviews, fundraising, donating, means more than nothing. And if you're so naive as to think they'll rate two legacies, one who sat on his ass and one who gave and got involved, the same, that's your problem. [ Reply | More
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General Topics 07.07.08, 10:37 AM Flag
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I agree that keeping involved is important, but that doesn't mean donating small amounts of $. That won't make much of a difference (and I know someone closely who works in admissions). [ Reply | More
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General Topics 07.07.08, 10:38 AM Flag
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It means you start small and grow. When you're 22 and barely employed, they don't expect major. If you're 50 and successful, they do. And from the people I've spoken to, if you've given consistently, since 22, it means more than the 50+ year old who suddenly gives 50K expect that will buy his kid's way into college. [ Reply | More
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General Topics 07.07.08, 10:48 AM Flag
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