A Hedge Fund Billionaire’s College Donations

In a story that is surprising to not a single person with a pulse, a New York hedge fund billionaire, David E. Shaw, is making headlines today for donating over $37 million to several elite universities over the last few years — including Harvard, Stanford, Yale, Princeton, Brown, Columbia, and … 

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Ties to Donors at California Universities

In the wake of the Varsity Blues scandal, California’s State Assembly has passed a bill that will require colleges that are eligible to receive Cal Grants to disclose how they treat applicants who happen to have ties to alumni and/or donors. The bill, known as AB 697, now heads to … 

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The Relationship Between Legacy Admission and Giving

Over the years, we have called many times for an end to the practice of legacy admission, the practice of offering preferential treatment in admissions to the children and grandchildren of a school’s alumni base. But in that same breath, we have also asserted that offering preferential treatment to the … 

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