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My understanding is that ivy league schools have impossibly huge coffers, and this seems to boil down to money. Or perhaps MIT is offering a bad deal on purpos
by largepeepee 4y ago
My understanding is that ivy league schools have impossibly huge coffers, and this seems to boil down to money.
Or perhaps MIT is offering a bad deal on purpose to sink negotiations?
- astura 4y agoMIT isn't in the Ivy League. The Ivy League, which is an athletic conference, consists of Brown University, Columbia University, Cornell University, Dartmouth College, Harvard University, Princeton University, University of Pennsylvania, and Yale University.
- socrates1024 4y agoHow big are its coffers though? - Mit: $26.4B - Yale: $42.3B https://en.m.wikipedia.org/wiki/Yale_University_endowment https://en.m.wikipedia.org/wiki/Yale_University_endowment https://news.mit.edu/2022/endowment-2022-1007 https://news.mit.edu/2022/endowment-2022-1007
- fmajid 4y agoEndowments are independently run and the last thing the money men would do is give the admins or academics a say, or they’d fritter it all in short order, like how Larry Summers lost Harvard a cool billion dollars through ill-judged investment strategies for its operating funds.
- ajkjk 4y agoI don't think they do? They have large endowments, but they have to preserve those mostly, and the number of things they have to pay for is huge. They're still run like an organization that has to be accountable to its budget. Also, MIT isn't Ivy League, technically.
- Throwawayaerlei 4y agoIt's worse than that, most endowment funds are earmarked for specific purposes.