a school with $135B in the bank doesn’t need government grants. What’s the interest on that a month? a few mil?
RE: What’s 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.
Yale’s 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)