Deacfreak07
Ain't played nobody, PAWL!
I get this, and I think it's what our administration is going for. However, I think it may not be correct. I think it could lead to fewer gifts that are very large - in the tens of millions range. If it is less unique, there may be fewer large gifts. If the students are of a lower caliber, there may be less chance that one becomes a multi-millionaire and donates large amounts to Wake.
I think you are more likely to get better returns on more chunks of multi-generational wealth than the occasional self made millionaire.
I’m sure the numbers were crunched on these kind of decisions in the middle of a huge capital campaign.
I’m not saying I love the thinking because of what it means for the identity of the institution, but I’m fairly confident it’s a profitable strategy.