"The endowment of Ivy League universities, particularly Harvard's staggering $53 billion, is greater than the GDPs of numerous countries, raising questions about their reliance on federal funding."
"These universities spend only 5% of their endowments yearly, leading to massive accumulated wealth while still seeking substantial federal research funding."
Ivy League universities possess endowments so substantial they could effectively address the economic difficulties faced by multiple countries. Harvard University leads with a remarkable $53 billion endowment, surpassing the GDPs of nations like Iceland and Tunisia. Despite this wealth, these institutions still rely heavily on federal grants for funding their research, often utilizing only a fraction of their endowment annually. This has led to calls for divestment from companies linked to controversial practices, showcasing a tension between immense financial resources and public accountability in higher education funding.
Read at english.elpais.com
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