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>First off, most of this funding will go to a building. The rest will go mostly to an endowment. Academic institutions are also tax-exempt, therefore don't pay

>First off, most of this funding will go to a building. The rest will go mostly to an endowment. Academic institutions are also tax-exempt, therefore don't pay any tax on the profits of any endowment or real-estate investment gains. The rise of the ivy-league schools becoming glorified tax-free holding companies, with education side-gigs, corresponds with the bloat in academic administration. https://observer.com/2006/05/nyu-columbia-make-a-mint-on-real-estate/ https://observer.com/2006/05/nyu-columbia-make-a-mint-on-rea... https://www.huffpost.com/entry/higher-ed-administrators-growth_n_4738584 https://www.huffpost.com/entry/higher-ed-administrators-grow...

metadat 4y ago
Stanford is really a real estate venture masquerading as an academic institution. Why? For tax purposes. Upon first hearing this I was shocked and disappointed. Over time I've lowered my hopes and expectations, and come to accept it for what it is: Old, elite, uber-wealthy white men at the top, who want it to stay that way. https://www.google.com/search?q=Stanford+president https://www.google.com/search?q=Stanford+president https://en.m.wikipedia.org/wiki/File:Marc_Tessier-Lavigne_at_Rally_for_Medical_Research.jpg https://en.m.wikipedia.org/wiki/File:Marc_Tessier-Lavigne_at... References: "The Stanford Empire", by Mercury News > Stanford's vast holdings. Stanford, Silicon Valley's largest property owner, controls more than 5,000 acres in Palo Alto and unincorporated Santa Clara County. On that land are the university's sprawling campus, a shopping center, tech offices, apartment buildings and entire residential neighborhoods. > The value of Stanford’s empire is larger than those of Google, Apple and Intel combined. https://extras.mercurynews.com/whoowns/stanford.html https://extras.mercurynews.com/whoowns/stanford.html "How Stanford Came to Dominate the Landscape in Silicon Valley", by KQED > The value of Stanford's real estate empire is greater than the holdings of Google, Apple and Cisco combined. https://www.kqed.org/news/11781771/how-stanford-became-the-largest-landowner-in-silicon-valley https://www.kqed.org/news/11781771/how-stanford-became-the-l...

metadat 4y ago

Stanford is really a real estate venture masquerading as an academic institution. Why? For tax purposes. Upon first hearing this I was shocked and disappointed. Over time I've lowered my hopes and expectations, and come to accept it for what it is: Old, elite, uber-wealthy white men at the top, who want it to stay that way. https://www.google.com/search?q=Stanford+president https://www.google.com/search?q=Stanford+president https://en.m.wikipedia.org/wiki/File:Marc_Tessier-Lavigne_at_Rally_for_Medical_Research.jpg https://en.m.wikipedia.org/wiki/File:Marc_Tessier-Lavigne_at... References: "The Stanford Empire", by Mercury News > Stanford's vast holdings. Stanford, Silicon Valley's largest property owner, controls more than 5,000 acres in Palo Alto and unincorporated Santa Clara County. On that land are the university's sprawling campus, a shopping center, tech offices, apartment buildings and entire residential neighborhoods. > The value of Stanford’s empire is larger than those of Google, Apple and Intel combined. https://extras.mercurynews.com/whoowns/stanford.html https://extras.mercurynews.com/whoowns/stanford.html "How Stanford Came to Dominate the Landscape in Silicon Valley", by KQED > The value of Stanford's real estate empire is greater than the holdings of Google, Apple and Cisco combined. https://www.kqed.org/news/11781771/how-stanford-became-the-largest-landowner-in-silicon-valley https://www.kqed.org/news/11781771/how-stanford-became-the-l...