Endowment Funds Quotes

I believe strongly in 'giving while living.' I see little reason to delay giving when so much good can be achieved through supporting worthwhile causes today. Besides, it's a lot more fun to give while you live than to give while you are dead.

Colleges prefer to enroll wealthy students because they know it's more likely that they'll pay for full tuition without needing financial aid. They're also more likely to have parents who will donate large sums of money to the school. When the privileged students graduate, they're expected to join the alumni association and also donate cash.

I have about half a million dollars more than my family will need. What is the best thing I can do with it for the State.

Large-scale philanthropy, based in the private - not the public - sector, is a relatively recent historical development.

My family are big philanthropists, but not at putting big money into sport. Today sport is professional. It has to support itself or it won't exist. It cannot depend on a few wealthy people making donations.

Every single national park had some component of private philanthropy.

I won't sell any Facebook shares as long as I'm on the board. When I leave, all my Facebook shares will be donated to two or three D.C. education-related charities I've supported over the years. Thus, a small portion of Facebook's success will be shared with low income students in Washington.

Earning high returns isn't just a matter of bragging rights - endowment income supports the missions of nonprofit institutions, whether education, as with college and universities, or broader social programs, as at many private foundations.

If you are wealthy enough, use part or all of your Social Security proceeds to invest in a favorite cause or two. Invest 10 percent or 100 percent of your monthly Social Security check in your favorite charity, foundation, think tank, church or synagogue, or other good cause.

Universities charge outrageous prices instead of dipping into their own massive funding.

Now I want to use money in a good way. I make foundations back home in Russia, I have sponsored vaccinations for more than one million children in my homeland and I have founded scholarships in the names of my great Russian compatriots - Oistrakh, Richter, Gilels, Shostakovich, Prokofiev and Schnittke.

I believe that people of substantial wealth potentially create problems for future generations unless they themselves accept responsibility to use their wealth during their lifetime to help worthwhile causes.

Editors of conservative magazines aren't out trying to raise money. The money is there; the cash reserves are in the bank.

Ask a science professor what she worries about. It won't take long. She'll look you in the eye and say one word: 'Money.'

What incentive does a university have to control costs when it has a steady supply of students being lent federal funds?

Being appointed Elder Professor meant very much taking over the shop, in that the professor in those days controlled all the moneys.

Higher educating has so many challenges, and private higher education has a special challenge of ever rising tuition costs.

And my advice for college graduates is don't reflexively give money to your alma mater, something particular to Americans that I find extraordinary. Take Princeton, for example - it has more money on a per capita basis than any educational institution in the history of educational institutions. There is no scenario where it can spend all the money its endowment generates every year. If there is anyone who gives a single dollar to Princeton, they have completely lost their mind. I will say that without reservation.