Undergraduate Financial Aid and Subsequent Alumni Giving Behavior

Kelly Dugan, Charles Mullin () and John J. Siegfried ()
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Charles Mullin: Department of Economics, Vanderbilt University

No 40, Working Papers from 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.

Keywords: Alumni contributions to colleges; alumni donations (search for similar items in EconPapers)
JEL-codes: I20 (search for similar items in EconPapers)
Date: 2000-10
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http://www.vanderbilt.edu/econ/wparchive/workpaper/vu00-w40.pdf First version, 2000 (application/pdf)

Related works:
Journal Article: Undergraduate financial aid and subsequent alumni giving behavior (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:van:wpaper:0040

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