Certainly there is a LARGE disparity between these funds that allow university systems fund either “new” stuff or offset the cost of attendance to their places of higher learning to economically disadvantaged students (or so we are led to believe):
| 2,011 | |||
| Endowment | |||
| Rank | Name | State | Funds |
| 1 | Harvard University | MA | 31,728,080,000 |
| 2 | Yale University | CT | 19,374,000,000 |
| 3 | University of Texas System | TX | 17,148,649,000 |
| 4 | Princeton University | NJ | 17,109,508,000 |
| 5 | Stanford University | CA | 16,502,606,000 |
| 6 | Massachusetts Institute of Technology | MA | 9,712,628,000 |
| 7 | University of Michigan | MI | 7,834,752,000 |
| 8 | Columbia University | NY | 7,789,578,000 |
| 9 | Northwestern University | IL | 7,182,745,000 |
| 10 | Texas A&M University System & Foundations | TX | 6,999,517,000 |
| 830 | Naval Postgraduate School Foundation | CA | 4,143,000 |
| 831 | Music Institute of Chicago | IL | 3,500,000 |
| 832 | Great Basin College Foundation (Pooled Endowment) | NV | 3,428,000 |
| 833 | California Maritime Academy Foundation, Inc. | CA | 3,289,000 |
| 834 | Metropolitan State University Foundation | MN | 2,627,000 |
| 835 | Laboure College | MA | 1,967,000 |
| 836 | Texas College | TX | 1,593,000 |
| 837 | Great Basin College Foundation (DWRF | NV | 1,145,000 |
| Maintenance Endowment) | |||
| 838 | Georgia Perimeter College | GA | 823,000 |
| 839 | Southern Virginia University | VA | 574,000 |
At at an annual cost of $52,600 / year, Harvard’s endowment could sponsor 603,200 students at no cost to them (note sliding scale for Harvard here, after being called out about the size of their endowment a few years ago). If one were to take the same cost to the smallest fund at Souther Virginia, the student number is 11. I do notice that one of Obama’s former haunts, Columbia, is at #8.
Wonder why he hasn’t called for these institutions of higher learning to share their wealth as he constantly is for individuals? Why should one be “punished” for not being able to raise as much money as Harvard? Why should the “the rich get richer”? Are they stealing from the “poorer” universities?
(H/T: Study is here, The College Fix)
