Do you prefer donating towards the annual budget or the endownment?
When donating to your alma mater (or other charitable organization), do you prefer giving towards the annual budget or the general endowment? Assuming that both are otherwise equal.
I generally prefer long-term over short-term and usually direct towards the endowment, but I also realized that long term is really long. For example it can take two decades or more for a contribution to the endowment to reach the same level of impact as a single lump sum donation.