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27Dec / 2011
Rich People — Stop Giving to the Ivy League!
But rich people — stop giving to the Ivy League! Give where your money will make a difference. Cornell already has an endowment of $4.4 billion. Harvard holds $27.6 billion, Yale $16.7 billion, Stanford $13.8 billion. (Find any 2010 endowment here; the 2011 study is not out yet.) Amherst, Grinnell, Pomona, Swarthmore and Williams number among little liberal-arts colleges whose endowment is at least $1 billion. All schools named in this paragraph are tremendous institutions, but all are already overbuilt physically, have no revenue problems and mainly serve the privileged class. Rich men and women — give your money to colleges that serve average people!
Berea College of Kentucky, founded to serve the poor of Appalachia, has an endowment of $846 million and puts every penny to good use — since it is a private school but does not charge tuition. Many colleges that cater to average people are hurting for money: Bethune-Cookman has a $34 million endowment, Fairleigh Dickinson has a $24 million endowment, Carroll College a $19 million endowment. A big donation to any of these, or many other colleges and universities short on money, would transform lives. A big donation to an Ivy or Stanford just becomes another bronze plaque.
12Dec / 2011
None of Us Knows What We’re Doing
Feross is a smart guy. He wrote this about doing the best we can at the time, because we have no idea how it will all end up. If you start something (a project, a class, a hobby, a new career), don’t go thinking you can predict the final outcome… because that’s impossible.
Success comes from busting your ass to make your own luck. You don’t have to be the smartest, fastest, best, etc… Just get shit done and things will happen.
Well, there was 1 guy who knew what he was doing.