Hacker News Reader

What do you gain by donating money to the university? Is there a tax break for such donations? What good came out of your donations? Is there traceability and accountability of each dollar donated?

I ask as I simply cannot fathom donating money to a university where the overarching aim is often to make money.

View on HN

I understand what you are saying. Back then, I felt that donating money to a research University would indirectly provide benefits to the entire world by accelerating the advancement of science and technology.

Like other charitable contributions in the US, it is tax deductible. What that means is donating $100,000 has an after tax cost of around $50,000 depending upon one's tax bracket.

Yes there is accountability, and I usually receive a nice note from a couple of the undergraduates that have their undergraduate research projects funded by my modest endowment.

Reply on news.ycombinator.com