2 ms·
Laws capping these massive donations need to pass or nothing will change. $500M is more than enough money to operate any school, and Harvard simply does not nee
by 1970-01-01 3y ago
Laws capping these massive donations need to pass or nothing will change. $500M is more than enough money to operate any school, and Harvard simply does not need more money in its pockets. https://www.statista.com/statistics/221147/the-20-richest-colleges-in-the-us/ https://www.statista.com/statistics/221147/the-20-richest-co...
- shuntress 3y ago> $500M is more than enough money to operate any school I'm not saying I disagree with regulation related to massive donations but you need to check your numbers. https://finance.harvard.edu/financial-overview https://finance.harvard.edu/financial-overview "Total operating expenses increased by $482 million or 9% to $5.9 billion."
- 1970-01-01 3y agoSame PDF states "The University generated an operating surplus of $186 million"
- shuntress 3y agoI'm not sure what you mean by this. Are you trying to say a school should always lose money? Or that they should always spend exactly as much as they earn? Either way, it cost Harvard way more than $500 million to operate for a year.
- Der_Einzige 3y agoI’d support the full destruction of Harvard and MIT taking all of its assists and land. I want our universities to accept based on merit, not fat donations. The traditional ivys are simply bad for society and our elite schools should be elite because the majority of students their are truly gifted (i.e Stanford, caltech, MIT) not because their from the ultra rich
- 1970-01-01 3y agoComparing MIT and Harvard is apples and oranges. Or perhaps Ivy and Apples.
- asylteltine 3y agoI agree. Harvard Yale and the rest of them are for rich elitist assholes who give each other jobs. It’s bad for society much like discriminating based on race like Harvard did
- shuntress 3y agoThis seems much too extreme.