Posted on 04/27/2024 8:23:42 AM PDT by RicocheT
Who knew that the Ivy League and other wealthy institutions were taxing you, the American people
Incredibly, it’s a $45 billion largess during the most recent five-year period.
Our auditors at OpenTheBooks.com quantified the federal payments on contracts and grants and special tax treatment of their endowments into the eight schools of the Ivy League plus Stanford University and Northwestern University.
Since 2018, $33 billion of federal contracts and grants flowed to these ten colleges – averaging $6.6 billion annually.
Today, these “educational” non-profits are more federal contractor than they are educator. Their $33 billion in federal contracts and grants outpaced their collection of undergraduate student tuition.
Furthermore, these schools reaped another $12 billion in special tax treatment benefits on the growth of their massive endowment gains (2018-2022). Endowments totaled $237 billion in 2022, up almost $65 billion from $172 billion in 2018.
(Excerpt) Read more at openthebooks.substack.com ...
Muzzie Terrorist loving bass turds. Screw the Charles River Harvies. “Lovers, muggers and thieves”.
Someone has to fund the dims and the destruction of America?
What blows my mind is that the universities will not touch their bloated endowments to cover shortfalls in operating budgets or even to make capital investments. This is made up with mainly government money, specific gifts from alumni, corporate partnerships
These places have turned into giant hedge-funds with leftist schools attached to them.
Those universities did not tax you, your elected officials taxed you.
No one gives tenure to a professor, if he/she doesn’t bring grants to the “educational” establishment. Most of them don’t even like/want to teach.
Universities that have these protests and refuse to stop them should get nothing
It only matters if our elected reps can do something about it. Otherwise embrace the suck.
Usually, they have a purpose behind them. For example, they may go towards DEI initiatives. Which is why we've witnessed Claudine Gay becoming the President of Harvard University. Not saying that this is the case, but it makes you wonder...
To them, you are a serf who needs to be taxed. Yes, you might have at one time entered their institutions if you were smart enough, and were willing to play the game. But now only certain kids from rich families can go to the institution, learn the jargon, the secret hand signs, the proper attitudes. The institution has reverted to its aristocratic ways, favoring the elect children of certain families who will be the new generation of secret and not so secret rulers. It is the gatekeeper and social club that marks you and gives you entry to a world of new leaders. There you can make connections for the future. The egalitarians days are over.
Furthermore, these schools reaped another $12 billion in special tax treatment benefits on the growth of their massive endowment gains (2018-2022). Endowments totaled $237 billion in 2022, up almost $65 billion from $172 billion in 2018.
Dear GOPers in Congress, you thus have yet another BIG ISSUE should you choose to take it up.
OpenTheBooks.com’s federal contracts and grants and tax treatment of 8 Ivy Leagues
plus Stanford and Northwestern. since 2018: $33B flowed to the ten – some $6.6B annually.
<><>“educational” non-profits are more federal contractor than they are educator.
<><>$33B in federal contracts and grants outpaced undergraduate student tuition.
<><>plus another $12B in special tax benefits on their massive endowment gains.
Stolen elections steal your voice(shame on me)
Federal grants and contracts make graduate education and research possible.
That includes, for example, research that led to all those new cancer treatments.
For example:
https://www.dana-farber.org/everywhere
Few taxpayers would vote to curtail this!
We’re throwing around a lot of tax dollars. There’s a lot of wasteful spending.
In my time in undergrad and grad school it didn't take long to figure out most professors actually cannot teach. I did have three that were decent.
My military history professor was excellent though. Had that good radio voice you could listen to all day.
The others were content to write "scholarly" articles that practically no one in the real world would ever read.
The library was full of these kinds of articles I'd have to use in my papers.
Most of the professors wouldn't make it in the real world.
Yeah, but there’s a lot of great NIH and NSF-funded scientific research efforts!
Yes there are results from the money though the article picked out a few of the worse examples. Federal tax revenue goes to corporate entities for research as well. I wonder how smart we are about funding and avoiding giving research dollars to researchers from hostile regimes. That is an important topic for many articles.
And the government agencies and related NGOs and corporations don’t usually give grants unless the scope of research is meant to confirm a specific pre-defined outcome. There is no “let’s find out what X does to Y” there is only “we seek to prove X does this to Y”. So it often starts out with confirmation bias and other biases. So, much of the money that flows is designed to further indoctrinate and confirm beliefs rather than a search for the absolute truth of the matter or exploration of abstract concepts. It’s part of the stranglehold that institutions are trying to deploy to move society at large in a certain social direction.
Though sometimes these attempts fail and the data cannot prove what they wanted it to prove, like the professor who was looking to see racial disparities in police interactions. He had to use two teams because the first team discovered no bias, he didn’t believe it and brought in all fresh eyes to retest it - they came to the same conclusion. He had to concede and not only that, published a book. He admits he expected to see bias but at least now says it doesn’t exist. His reporting was not well received by the institutions. Or the studies showing young dysphoric people were more likely to commit suicide if they were not treated with hormone therapy. Only it turns out those put on hormone therapy are twice as likely to commit suicide than those who just suffer dysphoria. This is how dangerous the grant process and resulting social changes can be.
All true as far as you went, but let’s not forget all the foreign money going into our universities that by law they are required to report but do not and nothing is done about it. Also, their sacrosanct endowments receive special tax treatments which cost us taxpayers even more money. Nothing will be done however since the democrats have taken over the education system and they significantly benefit from it so they have zero incentive to do anything. And, republicans have no backbone.
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