[castlegreyskull]

I don’t understand how endowments works. I would like to think they are used to make tuition cheaper for their students.

[kearnyirish2]

The endowments are set up according to the wishes of the donor; they may sponsor a certain department or position, for example. These aren’t scholarships, but endowments.

[Boardwalk]

Haha. It costs 63k a year to attend and live at Harvard as an undergrad. The only scholarships go to illegals.

[Lou L]

If you assume a $250,000 cost for 4 years at Harvard (I may be under-stating it, an endowment worth 35 billion will put a lot of students through school.

I can't profess precisely how endowments work or how they're used, but they sound like giant slush funds, serving as tax deductions for those who put in, and a big pot of money for a relatively select few to "direct" to schemes "projects" they find redeemable. Sounds a little like a foundation. I wonder if they ever use them for political purposes?

[Labyrinthos]

I don’t understand how endowments works. I would like to think they are used to make tuition cheaper for their students.

Endowments fund the affirmative action scam: No matter how unqualified you are to get into the school through the normal admissions process, you will get in if you daddy gives enough money to the school.

[outpostinmass2]

“I would like to think they are used to make tuition cheaper for their students.”

That would be a no.

[Harmless Teddy Bear]

I would like to think they are used to make tuition cheaper for their students.

I would like to think there is a calorie free candy that tastes good and has no side effects.

However, back on planet reality....