yaledailynews.com - Alumni question merit of donating: "Published Monday, November 14, 2005
Alumni question merit of donating
Administrators say gifts are essential to finances
BY JOSH DUBOFF AND DANIEL KATZ
Staff Reporters
A $100 million anonymous gift to the School of Music and recent editorials by Ben Stein LAW '69 questioning the value of alumni contributions have prompted mixed reactions from administrators and alumni on the role of financial gifts to Yale.
While some alumni said the University's $15.2 billion endowment should be adequate to cover operating expenses and additional large-scale funding from alumni is unnecessary, administrators said gifts of any size are vital for sustaining student programs at the University. Yale receives more than $20 million per year in unrestricted alumni gifts, which can be used at officials' discretion to keep overall costs down, Vice President for Development Inge Reichenbach said.
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