Quote Originally Posted by cajunproud
You can doubt all you want, but since you don't know me or what I do for a living, you can't even pretend to know what I am or could be capable of financially. And yes, if I had the money, I would donate more than a cool three hundred grand a year. Have you ever heard of a trust, or an annuity or anyone of the other interest bearing financial vehicles to get this kind of thing done?
Sure have. To produce $300K/yr, your trust would need assets in the $6,000,000 range. A 20 year annuity yielding the same amount would cost about $4,000,000. Those numbers aren't exact, but they are close enough for a guy who doesn't have a financial calculator lying around.

If you have that kind of money to throw around, great. I just don't know too many folks who BOTH have that kind of change and are willing to donate it to UL [or any other school, for that matter].