eli5: Why do schools like Harvard need donors ?
In: Economics
School fees only get you so far. High Ivy League school fees can cover high Ivy league faculty salaries, but if you need to build a new lab or a new wing for your library, thats a few million dollars that the school doesnt have lying around. Donors can finance these, while getting some kickback perks and/or getting their kids into the school and/or getting a tax writeoff
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