Five Reasons You Should Be Donating Money To Your College (2024)

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Five Reasons You Should Be Donating Money To Your College (1)

You should be donating money to your college. I love donating like to my alma mater. I give money to them every month, and I’m even considering including them in my will. There are so many reasons that you should consider donating money to your college.

A couple of weeks ago there is a spirited debate on the blog, Tie The Money Knot, about whether or not you should be donating money to your college and giving back. I quickly found myself in the minority, and I wanted to elaborate more on why I think that you should be donating money to your college.

Five Reasons College Donations Are Important

Donating Money To Your College Protects Your Investment

I look at my diploma as a certificate of stock from my college that I went to. The value of that diploma goes up and down depending on what my college does, how is portrayed in the news, and how it improves throughout the years.

My goal is that my college diploma will increase in value throughout the years. One way that I can still influence that is by giving back to my alma mater. It is one reason why you should consider donating money to your college. It is a protection of your investment of the four years and most likely thousands of dollars that you have invested.

Colleges Need Donations For Their Operation Budgets

When I was working on the staff of my college’s student newspaper, I was introduced to the air workings of collegiate budgets. I was amazed that a large percentage of my college’s operating budget came from our endowment.

And, of course, the endowment comes from the generous donations of alumni. So without alumni donating money to your college, the operating budget of the college could be squeezed. It would be a shame to have sequestration to her college budget much like the federal government is facing America today.

Helping And Giving Back To New Students

Donating money to your college also helps give back to the next generation of students. The money that you donate to your alma mater often goes to new scholarships and to help fund new programs for the next classes of students who will attend your college.

It is often wonderful to think that donating money to your college can have a lasting impact on future generations of your fellow college students long into the future to come.

For that reason, many colleges also rely on the help offundraising firmsto help raise money for their school. These firms work with alumni and other donors to help solicit donations for the college. This can be a great way for colleges to get more money for important projects and initiatives.

Ranking Well In National Polls

We have to face facts. If a college wants to attract great students in great faculty, then they need to rent well the national polls. And, one attribute that colleges are graded against isthe amount alumni give. most rankings in national magazines rank colleges based on the percentage of alumni who gave back to their alma maters.

So often in the rankings is far more important for a college to have many small gifts with a high percentage of alumni giving back rather than one or two large gifts with very few alumni giving back and donating money to your college.

The College Gave You So Much To Start With

When I think of my college, I have nothing but good memories. I look back and I think of all the things that my college gave to me. You gave me a start, new friends, great experience, and life lessons, and was a place where I met my wife. I think that I owe so much more to the college than I’ll ever be able to repay. And, that is why I give freely from my heart back to my alma mater which I love so much.

I understand that giving to any charity is a personal decision. There are many people who simply don’t have the financial means to give back to charities they care about whether it is their college alma mater or another cause they love. I also think that there are far too many people who can give back and simply choose not to. And, I think that is a downright shame.

Do you give college donations back to your alma mater? Do you get back with your money, your time, or your energy? I love to hear your thoughts on why are why not you are not donating money to your college.

Five Reasons You Should Be Donating Money To Your College (2024)

FAQs

Why should I donate to my college? ›

The funds received from donations give your university the chance to grow, providing more opportunities for current and future students. Your gift could create a lasting impact on students for years to come.

Why are donations important for schools? ›

Increased funding opportunities can give students access to more teachers and better educational programs, allowing them to develop fully so they can achieve their dreams.

What is a good reason to donate? ›

Gives us a sense of belonging

Life can be difficult sometimes, but remembering we're all in this together can help us feel more connected to those around us. And by all playing our part to lend a helping hand to those in need, we can feel more like an active part of our society.

What is 1 of the 5 reasons people do not want to donate? ›

Common objections to giving internationally
  • I already give enough. ...
  • I need to save money for myself and for my family. ...
  • Poverty can't be solved. ...
  • Poverty isn't the problem — it's the symptom. ...
  • People should solve their own problems. ...
  • Aid makes low-income countries dependent upon foreign resources and funding.
Feb 27, 2024

Why is it good to save money for college? ›

By saving for college, families can reduce their reliance on loans, earn interest versus paying interest and help their students leave college debt-free.

Who should not donate blood? ›

You must be in good health at the time you donate. You cannot donate if you have a cold, flu, sore throat, cold sore, stomach bug or any other infection. If you have recently had a tattoo or body piercing you cannot donate for 6 months from the date of the procedure.

Who should not donate? ›

Some Conditions That Disqualify People From Donating Blood
ConditionPermanent or Temporary Disqualification
Possible exposure to prion diseases, such as variant Creutzfeldt-Jakob disease (also called mad cow disease)Permanent
Malaria or exposure to malariaTemporary
PregnancyTemporary
Major surgery if recentTemporary
17 more rows

Is donating 2 pints of blood safe? ›

You can donate 2 units of just red cells at one time but because these are 'packed red cells' each 'unit' is less than a pint. The Red Cross calls this donation, “Power Red" and you can do that every 112 days.

Why do alumni donate to colleges? ›

Whether it's $20.20 in honor of this year's class or $1,000, you have the chance to support your college and provide pivotal support to students and faculty. Your contribution will play a key role in the student's educational experience and positively affect the alumni participation rate.

How much should you donate to your university? ›

As an alumnus, how much money should I give to my school each year? - Quora. Give 2.2% of your income, if your alma mater is your only charitable contribution, and you want to be in line with national giving averages.

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