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"Lawmakers on Capitol Hill have proposed requiring that about 90 colleges with endowments of $1 billion or more spend about 25 percent of their annual earnings
by jobu 11y ago
"Lawmakers on Capitol Hill have proposed requiring that about 90 colleges with endowments of $1 billion or more spend about 25 percent of their annual earnings for tuition assistance — or forfeit their tax exemptions."
That seems like a rational requirement. Does anyone know what institutions like Harvard currently do with their annual earnings from endowments?
- bluedevil2k 11y agoBuild, build and build. My campus is completely unrecognizable from 10 years ago as they keep putting up glamorous new buildings, including a 2nd (2nd!!) art museum.
- its2complicated 11y agoNo, it does not seem like a rational requirement. It's also none of our business what these institutions do with their earnings. Most of us will never go to Harvard and we need to get over it, regardless of our race.
- Avshalom 11y ago"their tax exemptions" do kinda make it our business.