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re: Harvard University comes under fire for being stingy with its endowment during cv19 crisis
Posted on 3/24/20 at 8:37 pm to HailHailtoMichigan!
Posted on 3/24/20 at 8:37 pm to HailHailtoMichigan!
quote:
Also, they didn't help pay for any travel expenses for their low income students after the school forced the student body to move out of the college housing, something every other major university did.
That part's even worse. Housing is crazy expensive in Boston and it isn't cheap to fly out of Logan at the drop of a hat.
At least the dining hall workers are eligible for unemployment.
0
Posted on 3/24/20 at 8:38 pm to HailHailtoMichigan!
Just a FYI. My guess is the bulk of that endowment is restricted for a specific purpose made by the donor.
To circumvent that without the donor’s permission would put them in violation of IRS laws.
I’m sure they have “general purpose” endowments. But wanted to clarify they can’t just take $3 million from the endowment because they want to, no matter how noble the cause.
To circumvent that without the donor’s permission would put them in violation of IRS laws.
I’m sure they have “general purpose” endowments. But wanted to clarify they can’t just take $3 million from the endowment because they want to, no matter how noble the cause.
This post was edited on 3/24/20 at 8:44 pm
Posted on 3/24/20 at 8:40 pm to Golfer
G, I know you’re right. And I know you definitely have a background to know what you’re talking about.
No matter what though, they’re losing a PR battle with this.
No matter what though, they’re losing a PR battle with this.
Posted on 3/24/20 at 8:43 pm to AbitaFan08
quote:
they’re losing a PR battle with this.
Comes with the territory of having $40 billion on hand
But I’m shocked they don’t have an employee/student relief fund.
Posted on 3/24/20 at 8:47 pm to Golfer
I get that, but we’re talking about dining hall employees. This isn’t exactly a back breaker for them to find funding for.
This post was edited on 3/24/20 at 8:48 pm
Posted on 3/24/20 at 8:49 pm to tkeefer
Meant between the Catholic Church and Harvard
Posted on 3/24/20 at 8:51 pm to Tyga Woods
quote:
Harvard University, which is the second-most wealthy non-profit organization in the world, behind only the Roman Catholic Church
Mormons laugh at 40 billion
Posted on 3/24/20 at 8:51 pm to HailHailtoMichigan!
I wonder how much that endowment is worth now
Posted on 3/24/20 at 8:57 pm to Sterling Archer
quote:
I wonder how much that endowment is worth now
Probably $36-37 billion, maybe more. Endowments, especially of this size, aren’t like your 401K.
Posted on 3/24/20 at 9:00 pm to HailHailtoMichigan!
This is the progressives motto:
Do as I say do, not what I would actually do
see also: global alarmists flying on private jets to multiple conferences every freaking year
Do as I say do, not what I would actually do
see also: global alarmists flying on private jets to multiple conferences every freaking year
Posted on 3/24/20 at 9:03 pm to HailHailtoMichigan!
quote:
Also, they didn't help pay for any travel expenses for their low income students after the school forced the student body to move out of the college housing, something every other major university did.
Except LSU.
Posted on 3/24/20 at 9:04 pm to RobbBobb
quote:
This is the progressives motto: Do as I say do, not what I would actually do
There’s a thread where LSU won’t refund housing costs to students. That’s the flagship university in the heart of conservative country.
I’m willing to bet that if Harvard refuses to pay, an alum or group of alums will foot the bill. If those alums are progressive, what does that do to your argument?
My point is: why make every single thing about politics?
This post was edited on 3/24/20 at 9:05 pm
Posted on 3/24/20 at 9:09 pm to AbitaFan08
quote:
Also, this sentence is an understatement. A better way to phrase it is “Harvard University, which is the second-most wealthy non-profit organization in the world, behind only the Roman Catholic Church”
I don’t think the 2nd place ranking is correct. The Mormons have a $120B+ endowment (Ensign Peak Advisors) and the Gates Foundation is pushing $50B in endowment.
Regardless, Harvard has plenty of money to help their students and contractors. They should feel bad.
Posted on 3/24/20 at 9:10 pm to tigercross
I had been told in the past they were, but I could very well be misinformed.
Posted on 3/24/20 at 9:13 pm to HailHailtoMichigan!
An elitist liberal university proves once again that they don't really give a shite about those beneath them? Shocking.
Posted on 3/24/20 at 9:16 pm to igoringa
quote:You are correct sir.
Mormons laugh at 40 billion
Estimates of LDS holdings are on the order of three or four times this amount.
Over $100 billion is the number I’ve heard.
Posted on 3/24/20 at 9:22 pm to soccerfüt
harvard's president and his wife just tested positive for the corona, so i dunno if that's karma or not
Posted on 3/24/20 at 9:25 pm to SavageOrangeJug
You can’t even make this stuff up. What does any of that even mean? The communists did it??
Posted on 3/24/20 at 9:29 pm to HailHailtoMichigan!
Liberals practice “do as I say, not as I do”
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