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The key point in the thread is that they're giving back their CARES Act funding as they know smaller colleges need it more than they do. Stanford has a $26B+ e
by Rafuino 7y ago
The key point in the thread is that they're giving back their CARES Act funding as they know smaller colleges need it more than they do. Stanford has a $26B+ endowment... they'll be just fine.
Harvard, on the other hand, has a ~$41B endowment, and last I read they're taking the CARES Act funding. They're taking a lot of heat for not returning the funding, instead saying they'll "use 100% of it for students." Stanford is taking the higher road here.