The Elite Who Profit From Harvard's $50 Billion Endowment

Harvard has the largest university endowment in the world, valued at $50 billion. But why does a university need a fund so big? And who has it in their best interest to keep the endowment so large?
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[@marksoberay2318]

2008 the endowment lost 30%? The market lost 50% they did amazing

[@Neat_profile]

Plus John Paulson, the man who benefited the most from the house market crisis by short selling, filled part of that gap with his 400 million dollar gift in 2015.

[@mp2863]

i feel like theres some algorithm/seo fudgery going on here. . . the quality of these videos are not reflected in the views it has

[@locogreen915]

I’m subscribed but the videos never show up in my feed

[@morning-brew]

Blake didn't see Google show up as one of Harvard's multi-billion dollar investments, but that's no reason for us not to imply a baseless conspiracy theory...

[@infini.tesimo]

SEO takes time

[@humpteedumptee8629]

who donates to a fund already worth billions?

[@kaboomkp]

I don't subscribe to the Morning Brew newsletters but I love these educational/informative style videos on topics which are interesting to people my age (post college young adults). All the hosts are pretty good and I'm sure they will become even better at presenting as the content keeps coming out.

[@andreasfreyaldenhoven5785]

"Harvard is a hedge fund that sometimes teaches" 😭😶‍🌫

[@thorsvenson3530]

Now I just need to make a billion dollars, so I can give 100 mil to Harvard, so that they will accept my kids, and then pay me back the money to my hedge fund.

[@michaelsmith4904]

why do people still donate when they don't need more money?

[@yashmoitra]

Business student at Cornell here, was looking into an endowment manager position when this came up. This has to be one of the most educational things I've seen re: this matter on KZbin, no idea why it doesn't have more views. Thank you for talking about this.

[@alejandroramirez-ih7jv]

what year are you in, hows the business program there?

[@joelw2413]

It's disgusting that they benefit from tax loopholes (like structuring as a non-profit) but then when times are tough, these schools refuse to use the money and instead ask more from poor students in terms of tuition. Even worse for the public schools on that chart. I bet these institutions could operate on their investment profits by now and run tuition-free if they wanted to (which they don't). For public schools, there should be something requiring a use of the endowment interest before they get state taxpayer funds. Otherwise they're harming taxpayers twice: once for the alumni who can write off their donations, then for the colleges that can profit tax-free. Wait, make that thrice, for then the public taxpayer money that public schools get!

[@vinsmoke_in_morioh]

Went to Yale for a while, and a lot of people that need it do not get the money or resources they need there. It’s enough to look good, but once you get there it mostly turns out to be a facade

[@teddy90636]

It wouldn't be that bad if they dished out the money in scholarships. However, I think this is the future of education. education institutions with a secondary commercial business attached. My school is making a hotel to capture a tourism market. Universities are becoming corporations due to the rise of stem.

[@kingstonstreet3726]

You guys got me on all social but this channel is top tier the best of any of your media of communication

[@eldermoose7938]

Are you wondering how a Flagship State school in Texas has money to play with the elite Ivy league titans? well its because of oil and some socialism. UT benefits form something called the PUF (The Permanent University Fund) basically in the 1870 some forward thinking Texans decided to take land in west Texas to support higher education in the state. Some years later oil was discovered on those lands so the state of Texas leases the land to oil companies and throws some of the profit in to the PUF. The fund was written into the Texas Sate constitution, and at the time only UT and Texas A&M existed so they are the sole beneficiaries, this effectively subsidize these two institutions. Texas A&M receives 1/3 of the fund while UT receives 2/3. Not 100% clear on the reasoning for that split, I have heard that because A&M stands for Agricultural and Mechanical it was treated more like a trade school back in the day and was deemed to need less money. The PUF is the seed fund that gives UT the ability to play in this league.

[@folumb]

crazy that a public school is on that list

[@enzonavarro8550]

6:41 I'd like to know where in Brazil they bought farmland. Was it in Mato Grosso maybe?

[@__JJN__]

Is that Kaskade @ 2:09 😅

[@rjung_ch]

It's all about the Benjamins', $$$, that's all that seems to count these days. Greed and wanting ever more.

[@mack-uv6gn]

Impressive 👍

[@gandalfthegrey2777]

If they have 50 Billion with them and earn billions every year, they can easily remove tuition and make hardvard free for all students without losing any of this money just from the extra returns earn from market Why don't they do this?

[@josepheridu3322]

So... they are making a huge profit out of a non-profit?

[@kellymoses8566]

Ken Griffin is a crook

[@zhuzhou]

I expected the leaked investments part to be meaningful. But you guys seem to think "owning land" is some kind of crime. Wise up