Why Do Ivy League Schools Get Tax Breaks? How The Richest US Colleges Get Richer
“’What a lot of people don’t know is that universities get massive tax breaks for their massive endowments,’ he told a crowd in suburban Philadelphia. ‘These huge multi-billion dollar endowments are tax-free, but too many of these universities don’t use the money to help with tuition and student debt. Instead, these universities use the money to pay their administrators, or put donors’ names on buildings, or just store the money away. In fact, many universities spend more on private equity fund managers than tuition programs.'”