“…Philanthropy by its own unequal distribution adds to the material and symbolic advantages of GEUs, boosting reputation and with each incremental gain in reputation, tangible returns follow, accruing further reputational gains (Münch, 2014: 82–83); while, at the other end of the spectrum, marginalized students at universities lacking philanthropic support can suffer from resource deprivation, identified by Hamilton et al (2021) in their study of one University of California campus as a form of ‘institutional racism’. This is the Matthew or snowball effect in operation whereby GEU ‘alumni donations raise a university’s reputation, which in turn generates additional alumni donations’ (Faria et al, 2019: 155). The outcome is a virtual monopoly at the summit of the rankings used to stratify global and national fields of HE, sustaining the dominance of GEUs (Hazelkorn, 2011).…”