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No, they do not have 'multi-hundred billion dollar endowments'. Harvard's is around $40 billion, which is a lot, but income from the endowment only covers about
by Finnucane 5y ago
No, they do not have 'multi-hundred billion dollar endowments'. Harvard's is around $40 billion, which is a lot, but income from the endowment only covers about a third of operating costs. It is all already budgeted for other purposes. Even for Harvard and MIT, $800 million is a non-trivial amount of money.