Quote:
Originally Posted by GGG
The Ivys endowments are currently greater than they can spend.
For example Harvard earns roughly 90k per student using an inflation adjusted 4% annual return through their endowment. They no longer need to increase the funds, they are self sustaining.
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Those endowments and fund development is so unimportant that Harvard has a Vice President and four Associate Vice Presidents under him for handling the 435 people in Alumni Affairs and Development. Harvard is so intent on giving away all that endowment money that 70% of awards granted to students (Harvard doesn’t do scholarship) is from alumni gifts, usually given to specific departments from graduates.