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.
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.
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