>pledge from a graduate of the school
That is the most important part. He is saying: use that money to help others like you helped me.
That is the most important part. He is saying: use that money to help others like you helped me.
In fact, the vast majority of MIT undergraduates receive financial aid. About a third of MIT undergraduates attend without paying tuition, and over half of undergraduates receive a need-based scholarship (i.e. they are not rich).