Posted on 01/29/2020 7:23:59 AM PST by SeekAndFind
The combined endowment of the Ivy Leagues totaled $135 billion at the end 2018, a figure that will be considerably higher in 2019. Hence the sharp observation that they are hedge funds masquerading as universities. If only they were so benign.
As these institutions never tire of reminding us or themselves, they educate the leaders of tomorrow, are led by renowned professors, make use of research, grants and publications to shape the contours of modern debate, and spread their influence through vast alumni networks.
I write with particular interest in my alma mater, Yale, where I graduated many years ago summa cum laude from Yale College, Yale School of Management and Yale Law School.
I take this opportunity to renounce myself as an alumnus in good standing. And I encourage as many alumni as possible to join in the movement to Cancel Yale, or your respective educational institution.
Why?
The final straw for me is a random one, the decision to eliminate the introductory History of Art class as too white, too male and too Western, in favor of art history courses that explore race, gender and class, with special attention to climate change!
Is most of Yale's campus architecture too white, too male, and too Western?
The decision epitomizes all that woke Yale has striven to become. Lost in this particular decision is the immersion in masterpieces, the only art course many would take, taught in my era by the resplendent Vincent Scully, who later became a neighbor and friend.
The decision is one with Yales programmatic march in the service of identify politics with an unabashedly progressive cast.
In a 2017 survey, Yale students put conservative teachers at 1%, roughly the same answer from Yale computer science professor and Unabomber victim David Gelernter,
(Excerpt) Read more at americanthinker.com ...
a school with $135B in the bank doesn’t need government grants. What’s the interest on that a month? a few mil?
RE: Whats the interest on that a month? a few mil?
With the stock market roaring and some corporate bonds like Ford yielding 4%, this money will be BIGGER in a few months.
Yales endowment is around $30 billion.
There was one report, a couple years ago, after particularly large returns, how Yale had paid something like $330 million to hedge-fund managers for managing the endowment, while their total tuition bill to students was something like only $220 million.
An institution with $135b could spend $3million a day for 135 years (without factoring in intetest)
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