Federal Subsidy of Ivy League Schools is in the Billions (FY2010-2014)
Our most elite private schools are being subsidized by taxpayers to an extent that is far more generous than the support received by public colleges and universities. For example, over the past five years, taxpayer contracts, grants, direct payment, student assistance, and non-profit tax treatment subsidies averaged $6 billion annually for the eight Ivy League schools.
With 58,982 undergraduate students, federal monies and subsidies averaged nearly $102,000 per student. Within the Ivy League, endowment funds on-hand amount to $2,017,241 per student.
The Ivy League amassed $117B in endowment funds. As a non-profit, educational institution, the Ivy League pays no tax on investment gains. In FY2014, the tax-free subsidy on endowment gains amounted to $3.4B, or nearly $60,000 per student. Between FY2010-FY2014, the Ivy League schools received a $9.45 billion tax break on the $27 billion growth of their endowment funds.
The Ivy League has no need for taxpayer student assistance. With continued gifts, the amassed $117B endowment fund (2014) would provide free tuition to the entire student body in perpetuity.
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