"F.O.A.D." wrote:
The rich give to help the rich:

As an article published on Salon recently pointed out, the rich have a
tendency to give generously to institutions and endowments that serve
“their kind” and not the needy.

[A] large portion of the charitable deductions now claimed by
America’s wealthy are for donations to culture palaces – operas, art
museums, symphonies, and theaters – where they spend their leisure time
hobnobbing with other wealthy benefactors.

Another portion is for contributions to the elite prep schools and
universities they once attended or want their children to attend. (Such
institutions typically give preference in admissions, a kind of
affirmative action, to applicants and “legacies” whose parents have been notably generous.)

Art museums and Ivy League schools need money too, of course, but so do
the nation’s hungry and homeless. A dollar donated to an art museum gives
you the same amount of tax deductions as one spent at a soup kitchen. The
numbers do not favor the poor, either. The Washington Post found that
around 70% of all charitable contributions went to charities that do not
specifically help the poor.

http://tinyurl.com/qhxbmlj

Yup. Like Harvard. $30 billion plus in endowment. $172 million in need
based scholarships. One of the stingiest schools in the country.