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Think about the counterfactual: a student doesn’t go to Harvard, they instead go to Duke or a public Ivy. They’re only marginally worse off. All of these schools already have enough money to where families making under $75-$100k won’t be paying anything.

Donations to Harvard are exposed to extremely diminished marginal utility at this point.

[ismokedoinks]

I think a lot of this investment for him is personal brand. Giving millions to community colleges would probably create tens of thousands of opportunities versus marginal benefit to Ivy leaguers, but having your name on a building at Harvard versus 180 community college libraries is big difference in prestige and brand-recognition for the types of graduates you want to apply to your firm.