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LillianFaderman

Should You Stop Giving Money To Your College?

The aggregate was $26,004,412,953 in contributions and grants and $13,253,252,465 in revenue less expenses. So in a very simple analysis about half of the contributions drop to the bottom line. The result is remarkably similar for the three categories 51.27% for the Ivies, 51.16% for the sisters and 48.08% for the selected Jesuit colleges.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.