Saturday, November 18, 2023

Wealthy elite Universities in the U.S. receive billions of dollars per year from the federal government

Food for thought!

"... Since 2018, $33 billion of federal contracts and grants flowed to these ten colleges – averaging $6.6 billion annually.
Today, these “educational” non-profits are more federal contractor than they are educator. Their $33 billion in federal contracts and grants outpaced their collection of undergraduate student tuition.
Furthermore, these schools reaped another $12 billion in special tax treatment benefits on the growth of their massive endowment gains (2018-2022). Endowments totaled $237 billion in 2022, up almost $65 billion from $172 billion in 2018.
Since 2017, these colleges are only subject to a 1.4-percent excessive endowments tax and not the 20-percent capital gains tax levied on wealthy Americans. ..."

Wealthy, Elite Universities Like Harvard Taxed You $45 Billion In Last Five Years Quantifying U.S. Taxpayer Subsidies, Tax-Breaks, And Federal Payments Into The Ivy League Colleges Plus Stanford And Northwestern (2018-2022)



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