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If private schools converted to corporations they would not have multi-billion dollar endowments available to fund all of the things they do that make them so p
by imgabe 10y ago
If private schools converted to corporations they would not have multi-billion dollar endowments available to fund all of the things they do that make them so prestigious. That money would have to be returned to shareholders as profit.
- beambot 10y agoWhy? Private corporations can do whatever they want...
- jsprogrammer 10y agoHarvard Corporation's charter[0] contains some restrictions, but yes, it can attempt pretty much whatever it wants. [0] http://library.harvard.edu/university-archives/using-the-collections/online-resources/charter-of-1650 http://library.harvard.edu/university-archives/using-the-col...
- imgabe 10y agoIsn't Harvard a nonprofit?