In this cycle, growth begets growth, so the impact of a single donation is easily eclipsed by the return from a few years of equity investments. This growth is enabled because endowments have traditionally been exempt from taxation. Penn students receive more government funding than their peers at Pennsylvania State University, even while nonprofit institutions like Penn are able to grow their endowments at rapid rates. Along this line of reasoning, elite universities like Penn alienate Americans because they are contradictory, promoting inclusivity to their donors and applicant pools while overall access to higher education continues to fracture along socio-economic lines. Tired of partisan squabbles? Take a note from local politiciansįacing the enemy head on, Gladwell visited Penn in 2015 to discuss legitimacy theory - the idea that people will only obey authority when they think that it is acting fairly, consistently, and transparently. Don’t let Penn’s club recruitment rush rob you of your individuality
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