>> NEW DATA FROM 2015
SHOWS JUST HOW MUCH MONEY IN THE FORM OF PRIVATE DONATIONS
WENT TO SOME OF THE TOP UNIVERSITIES IN THE COUNTRY.
THE NUMBERS ARE PRETTY SHOCKING.
UNDERSTAND THAT THE MAJORITY OF THIS MONEY IS NOT GOING TO
STATE SCHOOLS.
THEY ARE GOING TO TOP UNIVERSITIES.
THERE IS A REASON FOR THAT.
THE MAIN REASON, PEOPLE WANT TO GET THEIR NAMES ON
BUILDINGS AND THEY WANT TO ENSURE THEIR KIDS GET
ACCEPTED INTO THESE INSTITUTIONS.
>> TO BE FAIR, THAT IS ALMOST COMPLETELY RIGHT.
>> LET ME GIVE YOU SOME MORE.
THAT MEANS A SINGLE DONOR DONATING 100 MILLION OR MORE.
ALSO, IF YOU ARE A WEALTHY PERSON, THIS IS AN EASY TAX
WRITE OFF.
SO IT IS KIND OF LIKE A WIN-WIN.
[VIDEO BUFFERING] IT'S MORE LIKELY THEY WILL GET
ACCEPTED INTO THESE COLLEGES.
>> NO, THEY DON'T DO THAT.
WINK WINK.
PEOPLE WANT TO TALK ABOUT AFFIRMATIVE ACTION?
IF YOU DONATE A HUNDRED MILLION DOLLARS TO A UNIVERSITY,
YOUR KIDS ARE GOING TO GET A LOT OF AFFIRMATIVE ACTION.
>> TELL ME WHAT YOU THINK ABOUT THIS.
IT HAS ALWAYS RUBBED ME THE WRONG WAY.
CERTAIN UNIVERSITIES WILL GIVE STUDENTS OR APPLICANTS AN
EASIER TIME GETTING IN IF THEY HAD A FAMILY MEMBER WHO
ATTENDED THE SCHOOL.
WHY IS THAT CONSIDERED?
WHO CARES IF YOUR MOM OR DAD WENT THERE.
YOU ARE YOUR OWN PERSON.
ARE YOU SMART ENOUGH TO GO TO THE SCHOOL?
WHAT ARE YOU GOING TO PROVIDE TO THIS INSTITUTION?
ARE YOU WORTH IT?
>> THEY GET A THUMB ON THE SCALE.
THE ANSWER IS HELL NO, THEY SHOULDN'T.
THAT IS THE WORST KIND OF AFFIRMATIVE ACTION.
WHAT IT DOES IS IT PERPETUATES THE SAME SYSTEM AND POWER
STRUCTURE.
IF YOUR PARENTS WERE LUCKY ENOUGH, RICH ENOUGH, OR
WORKED HARD ENOUGH ñ BUT NOW I AM IN A BETTER SITUATION BECAUSE
I WENT TO THOSE SCHOOLS, NOW HE GETS TO PASS THAT ON TO MY KIDS.
THAT IS AFFIRMATIVE ACTION FOR THE PRIVILEGED.
>> IT IS ABSURD.
I HATE THAT.
>> THE PEOPLE THAT COMPLAIN, THE FACT THAT THEY ARE EQUALLY
OUTRAGED AND NOT MORE OUTRAGED AT WHAT IS CONSIDERED A
LEGACY ISSUE SHOWS YOU THAT THEY ARE JUST PICKING SIDES.
THEY DON'T CARE ABOUT PRINCIPLES OR RESULTS.
THEY ONLY CARE ABOUT THEIR KIDS GETTING IN.
>> LET'S LOOK AT SPECIFIC UNIVERSITIES AND HOW MUCH
MONEY THEY RECEIVED.
IT IS INSANE.
STANFORD UNIVERSITY RECEIVED $819 MILLION.
NORTHWESTERN UNIVERSITY ñ 201 MILLION.
PRINCETON UNIVERSITY ñ $293.3 MILLION.
UNIVERSITY OF CALIFORNIA AT SAN FRANCISCO ñ $124.8 MILLION.
>>
60 PERCENT OF THE INSTITUTIONS GOT HALF OF ALL THE GIVING.
WHEN YOU LOOK AT 2015 OVERALL, STANFORD GOT $1.6 BILLION.
AND THE LIST GOES ON AND ON.
THE AMOUNT OF MONEY GIVEN INTO THESE SCHOOLS IS UNREAL.
>> WHY ARE WE ANGRY OR UPSET?
WE SHOULD BE HAPPY, RIGHT?
YOU WANT TO FUND EDUCATION, RIGHT?
IT UPSETS ME BECAUSE THIS MONEY SHOULD BE UTILIZED TO
LESSEN THE BURDEN OF TUITION ON STUDENTS.
BUT IT IS RARELY USED FOR THAT AND IT ANGERS ME.
IT IS USED FOR BUILDINGS.
FUCK YOUR PERFORMING ARTS, YOUR BUILDING IS FINE.
HOW ABOUT WE LESSEN THE BURDEN OF TUITION FOR YOUR
STUDENTS SO PEOPLE CAN ACQUIRE A GOOD EDUCATION?
>> ANA KAPLAN WHO DID THIS
SURVEY ABOUT ALL THIS MONEY
SAID, "THERE IS NO HISTORICAL EVIDENCE THAT PHILANTHROPY
IS MEANT TO BE AN INCOME DISTRIBUTOR."
IN OTHER WORDS, MY CHARITY IS NOT CHARITY.
THE CHARITY THAT THEY ARE GIVING US IS SO THAT THEY CAN GET
A PHALLIC SYMBOL NAMED AFTER THEM AND GET THEIR OWN
PRIVILEGED KIDS IN.
>> IF THEY ARE TAKING ADVANTAGE, IT ANNOYS ME.
THEY ARE ALL COMPETING
WITH ONE ANOTHER.
THE MONEY DOES NOT NEED TO GO THERE.
MAKE SURE YOU HAVE THE ESSENTIALS FOR STUDENTS.
THE MAJORITY OF YOUR MONEY SHOULD NOT GO TOWARDS THAT.
>> I HAVE TO SAY ONE MORE THING.
UNIVERSITIES ALSO USE THIS MONEY FOR GREAT REASONS LIKE RESEARCH.
WE LOVE EDUCATION, WE EMPHASIZE THIS ALL THE TIME.
HAVING SAID THAT, YOU CAN DONATE SPECIFICALLY TO RESEARCH.
YOU CAN DONATE IN SO MANY WAYS THAT WOULD HELP PEOPLE MORE
THAN JUST HEY, I GAVE MY ALMA MATER A HUNDRED MILLION DOLLARS.
IT DRIVES ME CRAZY.
I REMEMBER ANNENBERG WHO GAVE AWAY A TON OF MONEY.
I THOUGHT, THERE ARE SO MANY NEEDY PEOPLE AND NEEDY
CAUSES THAT NEED THIS MONEY AND YOU ARE GOING TO GIVE IT TO
AN IVY LEAGUE SCHOOL THAT DOESN'T NEED IT THAT MUCH.
ANNENBERG DAYTONA PHILANTHROPY, AND I'M SURE THESE PEOPLE
DO AS WELL.
>>
ANOTHER GOOD CAUSE IS INCREASING THE PAY FOR PROFESSORS.
PROFESSORS GET PAID VERY LITTLE AS WELL.