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Started By
Message
re: Harvard University comes under fire for being stingy with its endowment during cv19 crisis
Posted on 3/24/20 at 9:37 pm to AbitaFan08
Posted on 3/24/20 at 9:37 pm to AbitaFan08
quote:
but I could very well be misinformed.
Is "I don't know what the frick I'm talking about because I didn't attempt to check." a better way to say this?
1
Posted on 3/24/20 at 9:40 pm to WhiskeyTangoFoxtrot
quote:
Is "I don't know what the frick I'm talking about because I didn't attempt to check." a better way to say this?
I had been told this my multiple independent sources that are generally trustworthy, so I relied on it. So sue me.
If this was more important information that was breaking news, I’d probably check my sources. But please, let me apologize if I was incorrect on the status of non-profit net worth. It negatively impacted so many people, and I wish I could take it back.
Posted on 3/24/20 at 9:43 pm to AbitaFan08
quote:
That’s the flagship university in the heart of conservative country.
Why did you leave out the part where the LSU board was mostly appointed by a liberal DIM governor in the heart of conservative country
Posted on 3/24/20 at 9:45 pm to HailHailtoMichigan!
This is how all those Harvard grads in government and public policy treat people.
Posted on 3/24/20 at 9:46 pm to RobbBobb
Because pointing out that Louisiana has liberal tendencies (excluding New Orleans) generally leads to angry denials and for some reason posts about homeless people shitting in San Francisco.
Posted on 3/24/20 at 9:52 pm to HailHailtoMichigan!
They were too busy getting their China loving Microbiology professors arrested for espionage...
Posted on 3/24/20 at 9:52 pm to HailHailtoMichigan!
That's why we're a $40.9 billion dollar company, gotta worry about those bills -In that terrible John Malkovich accent
Posted on 3/24/20 at 9:54 pm to AbitaFan08
The same voters that elected Blanco, gave us JBE, so . . . .
And both times we were faced with major disasters that killed our economy, and neither governor has a clue.
And both times we were faced with major disasters that killed our economy, and neither governor has a clue.
Posted on 3/24/20 at 9:54 pm to HailHailtoMichigan!
What does Harvard ever plan to do with a $40 billion endowment?
Even at 2% (going rate of a CD), that's $800 million a year they could use for whatever and never touch the principle.
And why keep donating to them? I guess so you can help your alma mater have this dubious title.
Even at 2% (going rate of a CD), that's $800 million a year they could use for whatever and never touch the principle.
And why keep donating to them? I guess so you can help your alma mater have this dubious title.
Posted on 3/24/20 at 9:57 pm to RobbBobb
I worked for Bobby Jindal. And let me tell you, he had a clue. He just decided to sell Louisiana down the river for political gain.
Not saying which is worse. Just pointing out it’s not just one party that sucks.
Not saying which is worse. Just pointing out it’s not just one party that sucks.
Posted on 3/24/20 at 10:01 pm to AbitaFan08
quote:On what grounds?
So sue me.
quote:OK...that seems fair.
If this was more important information that was breaking news, I’d probably check my sources.
quote:That doesn't seem to be necessary, but if you feel compelled to do so, then proceed.
But please, let me apologize if I was incorrect
Posted on 3/24/20 at 10:08 pm to The Pirate King
quote:
Liberals practice “do as I say, not as I do”
Honestly, what did I miss? Are republican owned businesses giving their employees pay during their time off? I only know of some sports stars and franchise owners. Can schools really spend endowment money any way they want? Do schools have political affiliations? My boss is a Harvard grad and a devout republican. Is LSU a republican school or democrat? How do you find this stuff out?
Posted on 3/24/20 at 10:39 pm to East Coast Band
quote:
What does Harvard ever plan to do with a $40 billion endowment?
Even at 2% (going rate of a CD), that's $800 million a year they could use for whatever and never touch the principle.
And why keep donating to them? I guess so you can help your alma mater have this dubious title.
The entire point of having an endowment is to never spend that money. Instead, they spend what that money produces in revenue. That way, they can continue to operate in perpetuity.
For the big endowments, you might ballpark for each $1,000,000 in endowment, they budget around $50,000 per year of spendable proceeds. If a donor wants to fund something that costs $500K per year to run, they will need to donate $10 million to the endowment.
Posted on 3/24/20 at 10:47 pm to East Coast Band
quote:
What does Harvard ever plan to do with a $40 billion endowment?
Even at 2% (going rate of a CD), that's $800 million a year they could use for whatever and never touch the principle.
And why keep donating to them? I guess so you can help your alma mater have this dubious title.
Well, for one, they ensure that students who come from families making below a certain income threshold won’t have to pay a cent to attend the school. That’s fairly admirable.
For another, they subsidise a lot of ground breaking research in the hard sciences.
Posted on 3/24/20 at 10:48 pm to lsutigermall
quote:
Honestly, what did I miss?
You didn’t miss anything. Anything that could possibly be construed as negative is like crack to some of these guys. I think they’re bots actually. They post the same adjectives and extreme political rhetoric to absolutely everything.
This post was edited on 3/24/20 at 10:56 pm
Posted on 3/24/20 at 10:55 pm to tigercross
Yea, its ashame they choose which students based on race and sex than on true merit.
Posted on 3/24/20 at 10:59 pm to Saint Alfonzo
quote:
An elitist liberal university proves once again that they don't really give a shite about those beneath them? Shocking.
Their huge endowment assures that anyone that gets accepted to Harvard gets to attend regardless if they have the money. 20% of their students pay $0.00, to attend, 60% pay less than $12,000, per year. Almost 100% graduate debt free.Less than 20% pay the full cost. Giving the best students a chance at a world class education regardless of their families income doesn’t sound very elitist.
Posted on 3/25/20 at 7:53 am to AbitaFan08
quote:
I had been told this my multiple independent sources that are generally trustworthy, so I relied on it. So sue me.
If this was more important information that was breaking news, I’d probably check my sources. But please, let me apologize if I was incorrect on the status of non-profit net worth. It negatively impacted so many people, and I wish I could take it back.
It sounds like something was true at a time so the saying stuck around
Posted on 3/25/20 at 7:59 am to Sun God
quote:
How big is the gap between 1 and 2
Less than you might think in real terms.
Harvard’s endowment is 100% liquid.
A huge portion of the Churches assets is in land, famous works of art, etc
Posted on 3/25/20 at 8:03 am to AbitaFan08
quote:
My point is: why make every single thing about politics?
Because Harvard shoves their progressive politics and virtue signaling in everyone's faces as much as possible?
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