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These endowment funds seems like an excellent idea to evade taxes. And a couple of years ago Harvard endowment fund has totally stopped their financial disclosu

• chalst 5y ago
  Their charitable status helps them accumulate a big stash of assets, but an effective tax evasion scheme will have a way to get at your funds when you need them, and that is hard to do without obviously breaking the law.
• extra88 5y ago
  What kind of disclosure are you talking about? Harvard University publishes an annual financial report [0] every year which includes information about the performance and holdings of its endowment. Compared to 2005-06, the 2019-20 report appears no less detailed. Most people don't understand university endowments, Harvard's Endowment FAQs [1] are a short, helpful read that is mostly not specific to Harvard; "Many endowments, including Harvard’s, are structured to exist in perpetuity, meaning that the institution must continue to rely on the endowment’s earnings forever. Because of this, our endowment is not only for today’s generation, but is for all future generations of Harvard students and scholars." [0] https://finance.harvard.edu/endowment https://finance.harvard.edu/endowment [1] https://www.harvard.edu/about-harvard/endowment/ https://www.harvard.edu/about-harvard/endowment/