Bill Dietrich gives CMU $250,000,000
1–10 of 48 posts
Re: Bill Dietrich gives CMU $250,000,000
#2Live announcement here now http://www.cmu.edu/event/sept7/
Re: Bill Dietrich gives CMU $250,000,000
#3It starts after his death? Why might that be
Re: Bill Dietrich gives CMU $250,000,000
#4It starts after his death? Why might that be
I think (and I may be wrong) - he gets to write off the donation now (probably amortized) to help his tax basis even though the $ doesn't go anywhere until he's gone...
Re: Bill Dietrich gives CMU $250,000,000
#5Wow, just looked at his book, "In the Shadow of the Rising Sun: The Political Roots of American Economic Decline" (published in 1991, at the time when Japan was today's China...), and this guy is about as far away from my libertarian worldview as you can imagine. He believed that America's problem at the time was that it didn't have enough bureaucracy (which is especially ironic given how bureaucratic gerontocracy today is believed to be stifling Japan's growth). Hope his donation will do some good though.
Re: Bill Dietrich gives CMU $250,000,000
#6According to Wikipedia, CMU currently has an endowment of $815m so rather huge donation. I was actually surprised by this. For some reason I thought CMU had one of those endowments where $250m gets a urinal named after you.
Re: Bill Dietrich gives CMU $250,000,000
#7Always amazes me that there are people out there who have $265mil to give that you can barely find anything about on Google. (Bill likely has a lot more too, as he is expected to give a very large gift to the University of Pittsburgh).
More details on him here: http://www.postgazette.com/pg/11250/1172681-455-0.stm
Re: Bill Dietrich gives CMU $250,000,000
#8It starts after his death? Why might that be
I think (and I may be wrong) - he gets to write off the donation now (probably amortized) to help his tax basis even though the $ doesn't go anywhere until he's gone...
Or maybe he wants to play with it now. He gets to have his cake and eat it too. Be fabulously wealthy and get accolades for his generosity.
Re: Bill Dietrich gives CMU $250,000,000
#9According to Wikipedia, CMU currently has an endowment of $815m so rather huge donation. I was actually surprised by this. For some reason I thought CMU had one of those endowments where $250m gets a urinal named after you.
Right. This was something I remember was discussed quite a bit while I was a student there. CMU has a small endowment compared to the more established private colleges it is increasingly competing against.
Harvard: 27.4 billion
Stanford: 13.9 billion
MIT: 8.3 billion
Etc.Re: Bill Dietrich gives CMU $250,000,000
#10Wow, just looked at his book, "In the Shadow of the Rising Sun: The Political Roots of American Economic Decline" (published in 1991, at the time when Japan was today's China...), and this guy is about as far away from my libertarian worldview as you can imagine. He believed that America's problem at the time was that it didn't have enough bureaucracy (which is especially ironic given how bureaucratic gerontocracy to…
> And this guy is about as far away from my libertarian worldview as you can imagine.
There is something really funny about a guy with a 'not so libertarian' worldview donating 265 million to a university and a guy with a libertarian worldview that probably will never be in a position to do so commenting on that.