4 ms·

> research universities have billions of dollars in buffers. Where is this myth coming from?

• advisedwang 1y ago
  Harvard has a $53 billion endowment. The right wing talking points assume that this is the same for every university. And that it's not earmarked. And that universities should destroy their long term stability so that billionaires can get a tax break (well, destroying universities future is a plus for them).
  • overfeed 1y ago
    Endowments aren't meant to be spent on operational expenses.
  • epistasis 1y ago
    Harvard is renowned for being an extreme outlier on endowments, too. Research universities typically have essentially zero endowment, and what they do have are not applicable to funding the research.