Home Topics in Depth Education Federal Subsidy of Ivy League Schools is in the Billions (FY2010-2014)

  • cc6 (1447 posts)
    Profile photo of cc6

    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.

    snip

    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.

    http://www.openthebooks.com/openthebooks_oversight_report_%E2%80%93_the_federal_subsidy_of_the_ivy_league_preliminary_findings/
    [Over the next thirty days, we anticipate release of the complete report: OpenTheBooks Oversight Report – The Federal Subsidy Of the Ivy League Colleges.] Will update as info. comes in.

    FanBoy, PADemD, DamnYankeeInHouston and 3 othersDownwinder, StupidRedhead, tk2kewl like this
    (~_^)  and this  o (~_~) o   (#~_~)  o   and (^~^)3   this (o_o)   this  (6_6)  (O_O) and  (*_*) (*_o) (o*o) 

You must be logged in to reply to this topic.

  • StupidRedhead (2248 posts)
    Profile photo of StupidRedhead Banned

    1. To the tune of 102k dollars per student

    That’s per student. Did I say per student? That’s some education those poor little rich kids are getting.

    948c8f248a