Harvard is wealthier than more than HALF of the world’s countries

Go down

Harvard is wealthier than more than HALF of the world’s countries Empty Harvard is wealthier than more than HALF of the world’s countries

Post by phildidge on Fri Aug 30, 2019 3:14 pm

There are 195 countries in the world, and over half of them are poorer than Harvard University.

The Ivy League institution’s 2018 endowment was $38.3 billion, according to Stacker. This amount exceeds the wealth of any of more than half of the 195 countries around the world. To arrive at this determination, Campus Reform compared the endowment numbers listed by Stacker with the "total wealth" of each of the world's countries, according to Credit Suisse's 2018 Global Wealth Report.

University endowments operate in a fashion similar to tax-exempt hedge funds, reported Stacker. Private institutions often use nonprofit status to avoid tax, but a provision of the 2017 Tax Cuts and Jobs Act will levy a small tax on schools with funds totaling more than $500,000 per student. Harvard has 36,012 students, with an endowment per student average of more than $1 million.


https://www.campusreform.org/?ID=13635

phildidge

Posts : 8900
Join date : 2018-11-16

Back to top Go down

Harvard is wealthier than more than HALF of the world’s countries Empty Re: Harvard is wealthier than more than HALF of the world’s countries

Post by Original Quill on Fri Aug 30, 2019 4:22 pm

Harvard University is the number one endowed university in the world. A close second is Emery University, in Atlanta.

One of Emery's graduates held the bulk of all stock in the Coca-Cola company, one of the wealthiest corporations and holding companies in the world, and he left his entire estate to Emery.

_________________
“Little thieves are hanged, but great thieves are praised.” — Old Russian proverb, offered by Vladimir Putin to Donald J. Trump, Helsinki, July, 2018.

"I don't stand by anything."  ― Donald Trump, interview with John Dickerson, 5.1.17...

Normal is broken.

“That's libertarians for you — anarchists who want police protection from their slaves.” ― Kim Stanley Robinson, Green Mars
Original Quill
Original Quill

Posts : 30116
Join date : 2013-12-19
Age : 54
Location : Northern California

Back to top Go down

Harvard is wealthier than more than HALF of the world’s countries Empty Re: Harvard is wealthier than more than HALF of the world’s countries

Post by Maddog on Fri Aug 30, 2019 4:46 pm

phildidge wrote:There are 195 countries in the world, and over half of them are poorer than Harvard University.

The Ivy League institution’s 2018 endowment was $38.3 billion, according to Stacker. This amount exceeds the wealth of any of more than half of the 195 countries around the world. To arrive at this determination, Campus Reform compared the endowment numbers listed by Stacker with the "total wealth" of each of the world's countries, according to Credit Suisse's 2018 Global Wealth Report.  

University endowments operate in a fashion similar to tax-exempt hedge funds, reported Stacker. Private institutions often use nonprofit status to avoid tax, but a provision of the 2017 Tax Cuts and Jobs Act will levy a small tax on schools with funds totaling more than $500,000 per student. Harvard has 36,012 students, with an endowment per student average of more than $1 million.


https://www.campusreform.org/?ID=13635

And it's still one of the most expensive schools on the planet.

_________________
pa·ter·nal·ism

noun

The policy or practice on the part of people in positions of authority of restricting the freedom and responsibilities of those subordinate to them in the subordinates' supposed best interest.
Maddog
Maddog

Posts : 5614
Join date : 2017-09-23
Location : Texas

Back to top Go down

Harvard is wealthier than more than HALF of the world’s countries Empty Re: Harvard is wealthier than more than HALF of the world’s countries

Post by Original Quill on Fri Aug 30, 2019 5:05 pm

Maddog wrote:
phildidge wrote:There are 195 countries in the world, and over half of them are poorer than Harvard University.

The Ivy League institution’s 2018 endowment was $38.3 billion, according to Stacker. This amount exceeds the wealth of any of more than half of the 195 countries around the world. To arrive at this determination, Campus Reform compared the endowment numbers listed by Stacker with the "total wealth" of each of the world's countries, according to Credit Suisse's 2018 Global Wealth Report.  

University endowments operate in a fashion similar to tax-exempt hedge funds, reported Stacker. Private institutions often use nonprofit status to avoid tax, but a provision of the 2017 Tax Cuts and Jobs Act will levy a small tax on schools with funds totaling more than $500,000 per student. Harvard has 36,012 students, with an endowment per student average of more than $1 million.


https://www.campusreform.org/?ID=13635

And it's still one of the most expensive schools on the planet.

It can be.  My daughter went to Harvard, receiving her BA, MBA and law degrees from it, and paid no more that she would in a state university.  You have to know how to take advantage of financial programs.

_________________
“Little thieves are hanged, but great thieves are praised.” — Old Russian proverb, offered by Vladimir Putin to Donald J. Trump, Helsinki, July, 2018.

"I don't stand by anything."  ― Donald Trump, interview with John Dickerson, 5.1.17...

Normal is broken.

“That's libertarians for you — anarchists who want police protection from their slaves.” ― Kim Stanley Robinson, Green Mars
Original Quill
Original Quill

Posts : 30116
Join date : 2013-12-19
Age : 54
Location : Northern California

Back to top Go down

Harvard is wealthier than more than HALF of the world’s countries Empty Re: Harvard is wealthier than more than HALF of the world’s countries

Post by Maddog on Fri Aug 30, 2019 5:16 pm

Original Quill wrote:
Maddog wrote:

And it's still one of the most expensive schools on the planet.

It can be.  My daughter went to Harvard, receiving her BA, MBA and law degrees from it, and paid no more that she would in a state university.  You have to know how to take advantage of financial programs.

And she's stuck living in Texas. tongue

_________________
pa·ter·nal·ism

noun

The policy or practice on the part of people in positions of authority of restricting the freedom and responsibilities of those subordinate to them in the subordinates' supposed best interest.
Maddog
Maddog

Posts : 5614
Join date : 2017-09-23
Location : Texas

Back to top Go down

Harvard is wealthier than more than HALF of the world’s countries Empty Re: Harvard is wealthier than more than HALF of the world’s countries

Post by Original Quill on Fri Aug 30, 2019 5:44 pm

Maddog wrote:
Original Quill wrote:

It can be.  My daughter went to Harvard, receiving her BA, MBA and law degrees from it, and paid no more that she would in a state university.  You have to know how to take advantage of financial programs.

And she's stuck living in Texas. tongue

No, that daughter lives in Cambridge, Massachusetts, and she works for Harvard University as a Director of Program in a research field.

_________________
“Little thieves are hanged, but great thieves are praised.” — Old Russian proverb, offered by Vladimir Putin to Donald J. Trump, Helsinki, July, 2018.

"I don't stand by anything."  ― Donald Trump, interview with John Dickerson, 5.1.17...

Normal is broken.

“That's libertarians for you — anarchists who want police protection from their slaves.” ― Kim Stanley Robinson, Green Mars
Original Quill
Original Quill

Posts : 30116
Join date : 2013-12-19
Age : 54
Location : Northern California

Back to top Go down

Harvard is wealthier than more than HALF of the world’s countries Empty Re: Harvard is wealthier than more than HALF of the world’s countries

Post by Maddog on Fri Aug 30, 2019 5:46 pm

Original Quill wrote:
Maddog wrote:

And she's stuck living in Texas. tongue

No, that daughter lives in Cambridge, Massachusetts, and she works for Harvard University as a Director of Program in a research field.

Poor thing. She must be jealous of the one in Southlake, tongue

_________________
pa·ter·nal·ism

noun

The policy or practice on the part of people in positions of authority of restricting the freedom and responsibilities of those subordinate to them in the subordinates' supposed best interest.
Maddog
Maddog

Posts : 5614
Join date : 2017-09-23
Location : Texas

Back to top Go down

Harvard is wealthier than more than HALF of the world’s countries Empty Re: Harvard is wealthier than more than HALF of the world’s countries

Post by Original Quill on Fri Aug 30, 2019 5:54 pm

Maddog wrote:
Original Quill wrote:

No, that daughter lives in Cambridge, Massachusetts, and she works for Harvard University as a Director of Program in a research field.

Poor thing. She must be jealous of the one in Southlake, tongue

Money vs. Intellectual...it's an age old question. Laughing Fortunately, Harvard pays well for their MBA/JD's.

_________________
“Little thieves are hanged, but great thieves are praised.” — Old Russian proverb, offered by Vladimir Putin to Donald J. Trump, Helsinki, July, 2018.

"I don't stand by anything."  ― Donald Trump, interview with John Dickerson, 5.1.17...

Normal is broken.

“That's libertarians for you — anarchists who want police protection from their slaves.” ― Kim Stanley Robinson, Green Mars
Original Quill
Original Quill

Posts : 30116
Join date : 2013-12-19
Age : 54
Location : Northern California

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum