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Undergraduate Financial Aid and Subsequent Alumni Giving Behavior

Author

Listed:
  • Kelly Dugan
  • Charles H. Mullin

    () (Department of Economics, Vanderbilt University)

  • John J. Siegfried

    () (Department of Economics, Vanderbilt University)

Abstract

Data on 2,822 Vanderbilt University graduates are used to investigate alumni giving behavior during the eight years after graduation. A two stage model accounting for incidental truncation is used to first estimate the likelihood of making a contribution and second estimate the average gift size conditional on contributing. The type of financial aid received as an undergraduate appears to have a greater influence on subsequent alumni generosity than the amount received. Adding some scholarship to a loan-only package or eliminating all loans from a mixed loan-grant package increases the likelihood of a subsequent contribution. Increasing the total size of the package or altering the proportions of an already mixed package appears to be inconsequential for future donations. Students who receive small merit scholarships contribute more as alumni than students who receive either no merit scholarship or a large merit scholarship.

Suggested Citation

  • Kelly Dugan & Charles H. Mullin & John J. Siegfried, 2000. "Undergraduate Financial Aid and Subsequent Alumni Giving Behavior," Vanderbilt University Department of Economics Working Papers 0040, Vanderbilt University Department of Economics.
  • Handle: RePEc:van:wpaper:0040
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    File URL: http://www.accessecon.com/pubs/VUECON/vu00-w40.pdf
    File Function: First version, 2000
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    References listed on IDEAS

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    4. Brendan M. Cunningham & Carlena K. Cochi-Ficano, 2002. "The Determinants of Donative Revenue Flows from Alumni of Higher Education: An Empirical Inquiry," Journal of Human Resources, University of Wisconsin Press, vol. 37(3), pages 540-569.
    5. Clotfelter, Charles T., 1985. "Federal Tax Policy and Charitable Giving," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226110486.
    6. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
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    9. Charles T. Clotfelter, 1985. "Federal Tax Policy and Charitable Giving," NBER Books, National Bureau of Economic Research, Inc, number clot85-1, January.
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    Cited by:

    1. Holmes, Jessica, 2009. "Prestige, charitable deductions and other determinants of alumni giving: Evidence from a highly selective liberal arts college," Economics of Education Review, Elsevier, vol. 28(1), pages 18-28, February.
    2. Meer, Jonathan & Rosen, Harvey S., 2012. "Does generosity beget generosity? Alumni giving and undergraduate financial aid," Economics of Education Review, Elsevier, vol. 31(6), pages 890-907.

    More about this item

    Keywords

    Alumni contributions to colleges; alumni donations;

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General

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