Posted on 03/29/2017 4:37:07 PM PDT by Kaslin
Over a six-year period, Ivy League schools have received tens of billions in tax dollars, bringing in more money from taxpayers than from undergraduate student tuition. In fact, they received more federal cash than 16 state governments.
The stunning numbers are all part of a new report, first seen by Fox News, released Wednesday by Open the Books -- a non-profit group whose stated mission is to capture and post online all disclosed spending at every level of government.
The 43-page report shows the massive amount of money flowing into not-for-profit Ivy League schools, including payments and entitlements, costing taxpayers more than $41 billion from fiscal year 2010 to fiscal year 2015.
The spending is controversial because these eight schools -- Brown University, Columbia University, Cornell University, Dartmouth College, Harvard University, the University of Pennsylvania, Princeton University and Yale University -- have enormous resources at their fingertips, including endowment funds (money raised from donors) in 2015 exceeding $119 billion. Take that total and split it up among Ivy League undergrads and it comes out to $2 million each.
(Excerpt) Read more at foxnews.com ...
There will not be a complete reckoning until we have a complete financial and civil collapse, which we will have, eventually.
Lets not forget MIT. They just sent an all staff email saying that their analysis of the proposed budget might mean up to a 10% cut of campus revenues. They get an enormous amount of Federal research dollars each year - much of it through Lincoln Labs for hush-hush defense research. Even though they arguably get the most private research money of any university in the world, it is not near what they get from Uncle Sugar.
We should stop funding Marxist Indoctrination Centers, aka universities.
Had to replenish their endowments after the bath they took in 2008 and 2009.
Money had to come from somewhere. You don’t think they would actually eat those losses, do you?
Other than student loans, how were they ever able to get their greedy hands on the federal money pot??
Taxpayers funding the next generation of worthless uniparty politicians and judges.
90% demowits.
Case closed.
Probably “research grants”.
Yale needs to prove its value by fixing New Haven.
This is a critical area to defund. The dems live off of the government in one way or another. Grants to colleges is a big one to go after. There could be a few military grants, but generally the private sector is as good or better. And the good ones would jump ship if the funding dried up. They also need to heavily tax those endowments.
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