>>Because universities are billion-dollar funds with schools attached to them. The market value of US endowments in 2016 was $542B, of which 120 of the richest

>>Because universities are billion-dollar funds with schools attached to them. The market value of US endowments in 2016 was $542B, of which 120 of the richest accounted for a whopping $401B or 74% of the total endowment value in the US.[1] The 26% remainder ($51B) was split between 2832 4-yr degree-granting colleges[2] for an average endowment (excluding the top 120 richest) of ~$19M/college. Only 4% of 4-yr degree-granting colleges have endowments >$750M. [1] https://nces.ed.gov/fastfacts/display.asp?id=73 https://nces.ed.gov/fastfacts/display.asp?id=73 [2] https://nces.ed.gov/fastfacts/display.asp?id=84 https://nces.ed.gov/fastfacts/display.asp?id=84