"Wills"
Quote:
Originally Posted by Tashah  Odyssey Scholarship Program
In 2007, an annonymous donor (Lester Crown) provided the University of Chicago with a $100M gift. Beginning in 2008, scholarships from this endowment will fund all or at least half of the tuition of low and moderate income students accepted by the university. The University of Chicago: Odyssey Scholarships |
Universities that offer such scholarship are recruiting based on desireability factors.
Walking out of college with a highly competitive degree, and, without debt is an adorning gratuity.
Thankfully, and hopefully, there are persons interested in ensuring a legion of students for national mobility.
Eventhough, my hope is to address a more germane issue, which is an on average +32% interest burden.
Parents capable of paying for degree progams, in order to avoid the interest, likely, seldom see their money reimbursed, conscientiously choosing to enable their children with the greatest consolation.
A good faith, zero interest loan from a parent, would be one level of generosity below that.
Anyway, your post brings to mind a third teir of public endowment, which is to allocate the money through private contributions and manage the fund "privately".
The $100 million for scholarship is an excellent gesture, and necessary in many respects for national competitiveness.
Perhaps there is an optional treasury worthy of investing.
Maybe the government should apply the misgivings of the inheritence tax to a respectable future.