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The thing is, Harvard could very likely fully-fund everybody's tuition from endowment, while continuing to allow the endowment to grow. I can't remember where
by alistairSH 4y ago
The thing is, Harvard could very likely fully-fund everybody's tuition from endowment, while continuing to allow the endowment to grow. I can't remember where I read that, I'll try to find a reference this evening.
- NovemberWhiskey 4y agoIt's completely impossible for an outsider to know that - you have no idea what constraints are placed on the gifts that make up the endowment - it's not one big fund you can draw down on as needed; it's like 14,000 different funds each of which may be allocated to a specific purpose (like a particular professorial chair or to a library or whatever).
- nverno 4y agoMalcolm Gladwell wrote about it recently, showing Princeton had reached that point. https://malcolmgladwell.bulletin.com/princeton-university-is-the-worlds-first-perpetual-motion-machine/ https://malcolmgladwell.bulletin.com/princeton-university-is...