MIT’s endowment is half that (but it’s a much smaller institution) and still the bulk of its revenues are from the US government. It’s basically a huge researc

MIT’s endowment is half that (but it’s a much smaller institution) and still the bulk of its revenues are from the US government. It’s basically a huge research lab with a small school bolted on. How small? Well last time I looked (2018) tuition was 14% of revenue. TBF spending on education (i.e. everything spent on students except for expenses of undergraduate and graduate students working on faculty research projects) was 16% of expenses. With their grant overhead (north of 70% iirc) they could cut tuition, but why bother? Break even is apparently fine. At least they don’t do legacies. BTW I first looked at these numbers when I was an undergrad in the early 80s and that 14%/16% level has been fairly consistent for the last 40 years.