<p>Consider I am an average international student.</p>
<p>If I donated $1m or $2m (m=million) dollars would that be enough for Harvard admission? I know it could be hard to get in, because I am an average student.</p>
<p>1-2 Million will not even get a building named after you. </p>
<p>In this horrible economy, Harvard endowment dropped 30% to a mere $25.7 Billion ending June 09. Figures for '10 are not released yet, but it looks more optomistic. </p>
<p>So, at modest 5% annual growth, $25.7 Billion will earn Harvard $1.3 Billion/year. That’s about $3.5 Million every day. </p>
<p>So your imaginary $1million dollar investment won’t buy your admission, or even a headline.</p>
<p>On the other hand…Setting up an ebay account for “harvard admission” with a “buy it now” offer of $10 million might be a good way to make a few bucks!</p>
<p>I think it would obviously help if you donated 1 Million. Obviously, 1 Million is a LOT of money, even for Harvard and its Million Dollar endowment. 1 Million pays for (close to) the full tuition of five students who need full financial aid.</p>
<p>I don’t believe Harvard would cheapen its reputation or maintain its standards if admission was a commodity for purchase. As a parent of a waitlisted child it would be easy for me to dismiss the admissions process as ‘sold out’ or ‘unfair’. Instead I believe that the MULTI-BILLION dollar endowment allows Harvard to rise above that behavior. And yes one can argue that the ‘legacy’ issues and high percentage of private HS admits might point otherwise…But if all it took were a million to get in-I would guess at least 1000 of the 300000 applicants could come up with that fairly easily. Heck…Harvard doesnt even have ED-eliminating the rich-applicant-advantage.</p>
<p>If you have a spare one or two million dollars laying around that you can afford to bribe a college with, why do you need Harvard? Why do you need any college for that matter? You are already rich.</p>
<p>^A Harvard degree can turn 1 million into 1 billion in less than 10 years. Heck, getting a 100000% return on investment in less than 10 years sounds like a pretty good deal to me.</p>
<p>Harvard degree—> Alumni network—> Hedge fund managment (which would lead to other things pertainting to hedge funds and such)—> One billion dollars.</p>
<p>I never said that no other school can help achieve that, mind you.</p>
<p>Now,</p>
<p>No Harvard degree—> No strong alumni network—> No hedge fund (unless you get unusually lucky)—> You’re left with the initial million dollars.</p>