Does donating money to universities help?

My parents are legacies of a US school. Will I be judged on how involved/how much they have donated to the school? Does an alumni who donated 3 M’s kids have an advantage over an alumni who donated nothing?

I would try to avoid thinking about things like this. At the end of the day you are evaluated based on your efforts and achievements. The fact that you’re a legacy is already a plus. It will not hurt your chances if your family didn’t donate.