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Friends parents are considering donating $20-60 mm inheritance to universities
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Date: June 28th, 2025 9:19 PM Author: Exciting Dark Site My friend is pissed because his parents are loaded, but it is sounding like him and his siblings may not inherit the fortune - the bulk of it is going to go to universities.
The friend is probably a little mad they're not going to get a free $20 mm, but is also pissed because they think their parents legacy is just going to get eaten up by these schools (which have entire depts to scam boomers like this) and five years after the parents are dead the university will not give a shit about them at all.
I get why the parents don't want to just give $20 million to their kids, and suggested his parents put in a trust so future generations could use it to pay for education or a downpayment on a house or something.
At the very least they could give the money to a local charity or school that actually needs the money - rather than one that has $10 billion and still makes kids take out $250,000 in loans to attend.
I get that it isn't his money, but he's not wrong that this is the dumbest thing his parents could do with it. |
Date: June 28th, 2025 9:23 PM Author: heady locus giving millions to a modern shitlib university is worse than converting your assets to paper cash and lighting the pile on fire, and that's not hyperbole. (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057061) |
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Date: June 28th, 2025 10:39 PM Author: Diverse Field Sneaky Criminal (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057208) |
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Date: June 29th, 2025 2:49 AM Author: Citrine awkward home police squad (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057498) |
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Date: June 29th, 2025 3:29 AM Author: Exhilarant Location (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057519) |
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Date: June 30th, 2025 9:36 AM Author: Crystalline outnumbered lodge (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49059973) |
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Date: June 28th, 2025 9:26 PM Author: Floppy theatre he would be justified in murdering his parents before allowing them to do that, they are pissing on their own children and grandchildren in favor of evil and wasteful colleges, I cannot fathom the depths of selfishness necessary to not pass down wealth to your fucking grandchildren, my parents boom plenty but they would never consider taking anything away from my niece, ever (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057068) |
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Date: June 28th, 2025 9:37 PM Author: Seedy cracking athletic conference the parents sound like horrible people. (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057097) |
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Date: June 28th, 2025 9:37 PM Author: Wonderful Dragon rank the prestige of the universities and their endowments (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057098) |
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Date: June 28th, 2025 9:44 PM Author: Exciting Dark Site Top 10 and Top 100 -
I'd feel better if they gave it to a community college or something |
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Date: June 28th, 2025 9:45 PM Author: Seedy cracking athletic conference it doesnt matter the rank. it can buy millions of people free chipotle at any school. (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057115) |
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Date: June 28th, 2025 9:48 PM Author: Floppy theatre think of all the adminstrators who could make an extra 25k a year while providing absolutely no value whatsoever to society? What could be more charitable? (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057121) |
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Date: June 28th, 2025 9:50 PM Author: Seedy cracking athletic conference *negative value (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057125) |
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Date: June 28th, 2025 9:58 PM Author: supple clown I had a client in his 80s with a net worth of maybe 4 million who got convinced by a local shitcollege to give them 1 million. (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057137) |
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Date: June 28th, 2025 10:03 PM Author: Exciting Dark Site The best part is
(i) their grandkids probably will never get into the schools because there's no money left
(ii) if they do get in, everyone will assume that its because the dining hall is named after them
(iii) Even though the dining hall is named after them, they'll have to go $300,000 in debt to attend teh school |
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Date: June 28th, 2025 10:10 PM Author: ruby patrolman How do colleges do this? They have some kind of sales people going door to door? Do they get paid on commission when they land a huge whale like that? (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057155) |
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Date: June 28th, 2025 10:14 PM Author: supple clown This was a small, local private college that seems to teeter on the edge of insolvency. Not sure if they have a staff for that. The president is really active in the community and he may have been the point man on this. The guy's kids brought him to me after the money was gone. (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057165) |
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Date: June 28th, 2025 10:36 PM Author: Seedy cracking athletic conference they hire nigerian prince fisher scammers once they complete their two-week sentence in prison (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057202) |
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Date: June 28th, 2025 10:38 PM Author: Floppy theatre they have an entire staff of people devoted solely to fleecing aging alumni out of their retirements and inheritances, they sell them on tax benefits and legacy, it is vile, evil stuff they do (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057205) |
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Date: June 28th, 2025 11:12 PM Author: Exciting Dark Site Yes - we have a friend who does this. They have special tools where they can look up your asset a couple of clicks beyond the typical tax records to figure out what alumni have assets. (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057251) |
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Date: June 28th, 2025 10:41 PM Author: Glassy famous landscape painting preventive strike many jewish charities have fundraisers who work on straight commission (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057210) |
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Date: June 30th, 2025 9:38 AM Author: Crystalline outnumbered lodge a college friend of mine does this for a major university. she's a very pleasant person and she gets assigned to make friendships with specific older alums. (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49059975) |
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Date: June 28th, 2025 10:03 PM Author: thirsty indian lodge should be illegal to give money to universities (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057143) |
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Date: June 28th, 2025 10:35 PM Author: chartreuse giraffe (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057199) |
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Date: June 29th, 2025 5:44 AM Author: Buck-toothed unholy trust fund (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057535) |
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Date: June 28th, 2025 10:59 PM Author: big toilet seat hominid boomers are irredeemable scum 😂 (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057234) |
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Date: June 28th, 2025 11:26 PM Author: Glittery national haunted graveyard Pissing away their fortune. Hard to imagine giving it all to a university. Unreal (http://www.autoadmit.com/thread.php?thread_id=5744234&forum_id=2Reputation#49057286) |
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Date: June 29th, 2025 7:00 AM Author: Green hell Are they are buying a name for something with this? Maybe a building name is out of reach with such a middling sum, but what about an endowed chair?
The [X] Family Chair of Boomer Studies, or something like that |
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Date: June 30th, 2025 9:21 AM Author: Frum Shrine Newt In other news about how ill advised this is, TEH Ohio State law school is back in the news for blatantly stealing from their giant donor AND having adjusted Ohio law to prevent the donor from suing.
https://taxprof.typepad.com/taxprof_blog/2025/06/legislature-again-rejects-proposal-to-allow-donor-to-sue-over-alleged-misuse-of-ohio-state-law-school-naming-gift.html |
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Date: June 30th, 2025 9:27 AM Author: sapphire razzle generalized bond rehab If they're earmarking it for research funding then CR. If it's to pay for a dorm or something that's dumb.
Of course lol @ the shitkids who have to work for a living. |
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Date: June 30th, 2025 8:44 PM Author: Exciting Dark Site I think research can be legit.
But my guess it will be earmarked for the "XYZ chair of Chemistry" or something - which to me is no different than giving it to a dorm or a cafeteria since money is fungible.
They're just going to shift the money saved to DEI consultants and admins. |