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It's not in the bank, it's invested in assets like stocks and bonds. They use the returns to fund 21% - 25% of their budget every year (~$1.4 billion of $5.5 b
by JauntTrooper 10y ago
It's not in the bank, it's invested in assets like stocks and bonds.
They use the returns to fund 21% - 25% of their budget every year (~$1.4 billion of $5.5 billion in 2015-2016).
The endowment contributes more annually than tuition does. [0]
[0] http://facts.stanford.edu/administration/finances http://facts.stanford.edu/administration/finances