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Because Harvard gets not-for-profit status and the associated tax breaks, despite having a $51B endowment that keeps growing. I think it's fair game to ask what
by chadash 4y ago
Because Harvard gets not-for-profit status and the associated tax breaks, despite having a $51B endowment that keeps growing. I think it's fair game to ask what our public policy should be for providing tax breaks to schools that horde huge amounts of money. On the other hand, if they didn't get tax breaks, then I'd agree with you that's it is none of the public's business.
- rahimnathwani 4y agoIt also receives over $0.5bn per year in federal research grants.
- biomcgary 4y agoEach university has a base rate that is tacked on to each grant (F&A) and Harvard has one of the highest overhead rates allowed. This means, relative to other research institutions, every research dollar spent at Harvard has more money "taxed" away for administration. What is the opposite for economies of scale?
- deleted 4y ago[deleted]
- lthornberry 4y agoThis is the important point. Anyone paying taxes in the US is subsidizing Harvard.