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Why cant universities fund it with their billion dollar endowments?
by 2h 4y ago
Why cant universities fund it with their billion dollar endowments?
- kenjackson 4y agoNot many universities have billion dollar endowments.
- SteveGerencser 4y agoIndiana University a Midwest US state school has a 3+ Billion Dollar endowment behind it and ranks 16th right now. University of Texas is #1 at $42B and Berkeley is 20th at $2.6B. These are just state schools. Stanford is at $38B and Yale is at $42B. There is plenty of money out there in the university endowments. They just need to spend it on things like research and professors rather than Golf Courses and sports stadiums.
- kenjackson 4y agoThere are ~6500 universities/colleges in the US. Probably around 1,000 academic schools. How many have $1B plus endowments? 150? So maybe around 15%. https://www.univstats.com/corestats/ https://www.univstats.com/corestats/
- asutekku 4y agoThere is literally only couple of US universities having that, for smaller universities 42k a month for a research or two doesn't make any financial sense at all. This price is just basically a huge gatekeeper to prevent most people using it.