Elite universities across the U.S. received over $33 billion in grants and contracts from the federal government since 2018, according to OpenTheBooks.
Ten elite universities with large endowments have taken billions of federal tax dollars, according to a new report from OpenTheBooks. The collective endowments of these universities grew from $172.2 billion in 2018 to $237 billion by the end of 2022, and the endowments reaped a collective $12 billion in special tax treatment benefits during that time frame.
“With the U.S. taxpayer subsidies, tax breaks, and federal payments into these ten elite universities pushing $7 billion per year, it’s time to revisit the definition of a public charity. Collectively, these schools have gamed the tax code for vast institutional enrichment,” Adam Andrzejewski, CEO and founder of OpenTheBooks, told the Daily Caller News Foundation.
Stanford University, Columbia University, University of Pennsylvania, Yale University, and Harvard University took nearly $7 billion, $5.9 billion, $3.7 billion, $3.5 billion, and $3.3 billion in federal grants and contracts from 2018 to 2022, respectively, according to OpenTheBooks. Princeton University, Brown University, and Dartmouth College took nearly $1.8 billion, $1.2 billion, and $775 million, respectively.
Northwestern University and Cornell University took nearly $3 billion, according to the report.
“These institutions are now more federal contractor than educator — collecting more on government contracts and grants than undergraduate student tuition,” Andrzejewski told the DCNF.
Some of these elite colleges also took COVID-19 relief funds. Five of the elite schools, UPenn, Cornell, Columbia, Dartmouth, and Brown, took $220.6 million from the Higher Education Emergency Relief Fund, according to OpenTheBooks.
Several of the colleges receiving taxpayer funds experienced anti-Israel activities on campus following the Oct. 7 Hamas terrorist attacks on Israel that killed over 1,400 people. At Stanford, students are conducting a pro-Palestinian sit-in protest and demanding the administration take actions such as condemning Israel.
More than 30 student organizations at Harvard signed a letter blaming Israel for the attacks.
Stanford, Columbia, UPenn, Yale, Harvard, Northwestern, Cornell, Princeton, Brown, and Dartmouth did not immediately respond to the Daily Caller News Foundation’s request for comment.
All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- University ‘forces’ journalism students to fork over tuition money for course on ‘microaggressions,’ pronouns - March 18, 2024
- ‘They’re distracting’: Schools lock up phones as kids struggle to pay attention in class - March 15, 2024
- Blue city teachers’ union yanking kids from class to attend get out the vote event for cause it supports - March 15, 2024
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.
BPR INSIDER COMMENTS
Scroll down for non-member comments or join our insider conversations by becoming a member. We'd love to have you!
