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These are some of the richest entities - forget about universities - just entities full stop, in the entire country.
by itkovian_ 1y ago
These are some of the richest entities - forget about universities - just entities full stop, in the entire country.
- adastra22 1y agoStanford’s endowment is less than $40bn.
- Retric 1y agoThat’s a lot of money on tap, 99.99% of US organizations have less than $1Bn in reserves. Even among educational institutions there’s a 19+k private schools and 5,300 universities in the US. The vast majority of them don’t operate anywhere close to that scale.
- s1artibartfast 1y agoConsider adding for or five more 9s to that. There are 50+ million corporations in the county, and then you need to add all the churches, clubs and nonprofits.
- Retric 1y agoMy 4 nines + your 4 or 5 nines = 1 in 100 million to 1 in 1 billion. Even adding all the churches, clubs, and nonprofits I don’t think it’s that rare. The Mormon church for example has ~293 billion in assets. Even the Church of Scientology is apparently worth ~2 billion.
- s1artibartfast 1y agoMaybe 1 in 10 million? What do you think the numerator in denominator are here? I'm guessing less than a hundred organizations with a billion dollars in reserve. There are less than 2,000 us companies with a billion dollar market cap, out of ~40 million companies. I expect the reserves would be a substantially less than that. Maybe somewhere in the ballpark of low triple digit organizations with a billion+ dollar reserve. Maybe 200 nationally?
- Retric 1y agoAbove 90% = 1/10, 99% = 1/100, 99.9% =1/1,000… the pattern is 1 then a zero for each 9. So 8 9’s = 100,000,000
- s1artibartfast 1y agoyeah, I understand decimals. If its 200/100,000,000, that would be 99.9998 or 2 more digits.
- Retric 1y agoIMO, it’s going to be in the thousands to 10’s of thousands. Depending on what organizations you exclude and if you’re considering total assets vs net assets vs liquid assets etc. There’s a surprising number of individual buildings worth 1+ billion each of which are going to be their own org. Add pensions, trusts, nuclear reactors, large dams, government organizations, etc. Here’s 30 US charitable foundations over 1B which isn’t an exhaustive list. https://en.wikipedia.org/wiki/List_of_wealthiest_charitable_foundations https://en.wikipedia.org/wiki/List_of_wealthiest_charitable_...
- stonogo 1y agoSo, at full burn, enough to run a national laboratory for half a century. This is what rich looks like.
- adastra22 1y agoThe national laboratory budget is $14bn/yr.
- nkurz 1y agoSure, if we assume that the total budget for the 17 national labs is $14B, that would imply that the average lab is a bit less than $1B/year to run. Hence $40B can run an "average" lab for around 50 years. Or am I missing your point?
- sidewndr46 1y agofunding is not even per year to year, but your point is still valid