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Why? Because Columbia girls won't put out? They use their endowment for the public benefit. Even though Columbia is expensive the endowment does substitute edu
by hristov 16y ago
Why? Because Columbia girls won't put out?
They use their endowment for the public benefit. Even though Columbia is expensive the endowment does substitute education and science to an extent. It is just that the interest on 6 billion dollars is not much for a huge university that happens to be positioned in some of the most expensive real estate in the US. It definitely qualifies for a non-profit status.
- unsignedlong 16y agoThey do not use their endowment for public benefit, they use it for their own benefit, like other elite, private universities, and get tax exemptions for doing so: http://www.msnbc.msn.com/id/22043995/ http://www.msnbc.msn.com/id/22043995/ The scientific research they do is privatized; they hold the patents and license it off to others. And if they can't afford Manhattan, they should have do what everyone else has to when in that situation: move somewhere less expensive. Eminent domain on their behalf is welfare for the rich.