Tom Ciccotta 20 Apr 2020
The institutions that comprise the Ivy League will receive millions of dollars in federal bailouts despite the billions of dollars in their endowments. Harvard University, for example, currently boasts an endowment of $40.9 billion.
According to a report by Campus Reform, Ivy League institutions like Harvard, Yale, and Dartmouth, are set to receive millions of dollars in federal bailouts as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
However, Ivy League institutions are infamous for their large endowments, most of which reach 11-figures. The smallest endowment in the Ivy League belongs to Brown University, which has an endowment of $4.2 billion. Despite this massive endowment, Brown is set to receive $4.8 million in bailout funds.
Harvard University will receive $8.6 million in federal bailout funds despite its endowment of nearly $41 billion. Yale University, which boasts an endowment of $30.3 billion, will receive $6.8 million in bailout funds. Princeton University, which has an endowment of $26.1 billion, will receive $2.4 million in bailout funds. Cornell and Columbia will receive the largest bailouts at $12.8 million each.
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https://www.breitbart.com/tech/2020/04/20/ivy-league-schools-receive-millions-in-bailout-cash-despite-huge-endowments/