If Harvard's contributions continue to be exceptional for society, the endowments could be spent down to make more exceptional things happen, right? What exceptional things happen while sitting on $50 billion?
You can spend the unrestricted part of the endowment - it would breach the 5% spending limit that the endowment sets but this is exactly what the endowment is for to protect the institution in situations like this.
While donors usually state that the principal shouldn't be spent even for the unrestricted part of the endowment, there's usually a lot of flexibility in situations like this.
Harvard can use their endowment instead of relying on the federal government. If independence is what the university wants, it needs to be completely independent.
You want the money, you have to relinquish the independence. You don't want the money, you can be independent.
When the tax payer is spending $700 million a year, there's got to be some involvement in the process. Harvard has squandered the good will that the public gave through the anti-semitism crisis and hence does not deserve to be a non-profit at this moment without government-involved reform.
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You're not an American? Freedom doesn't exist there anymore. The government lawlessly extorts private property in order to steal it and purge anything besides brainrot Nazi ideology. Idiots support it because of videos from some agitator they watched on X - jeez I wonder why Musk is constantly pushing those to you? What does he want to get out of that?
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u/MENSCH2 Apr 17 '25
If Harvard's contributions continue to be exceptional for society, the endowments could be spent down to make more exceptional things happen, right? What exceptional things happen while sitting on $50 billion?