How Harvard and Other American Colleges Manage Their Endowments

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How Harvard and Other American Colleges Manage Their Endowments

College is expensive, but there is one place in higher education where there's no shortage of money – endowments. There are more than $616 billion worth of endowment assets in the U.S. Lawmakers are starting to question why tuition is still rising if some schools have billions of dollars.

First of all CNBC please give this reporter a raise, this video is incredibly well researched and well presented. I am curious as to how these universities managed their endowments during the pandemic as this video came out in 2019. @Goenitz How different is the situation in the UK?

 

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How Harvard and Other American Colleges Manage Their Endowments

College is expensive, but there is one place in higher education where there's no shortage of money – endowments. There are more than $616 billion worth of endowment assets in the U.S. Lawmakers are starting to question why tuition is still rising if some schools have billions of dollars.

First of all CNBC please give this reporter a raise, this video is incredibly well researched and well presented. I am curious as to how these universities managed their endowments during the pandemic as this video came out in 2019. @Goenitz How different is the situation in the UK?

I'm all for colleges lowering their tuitions since the whole thing is a money-making racket.


But colleges like Harvard have an Ace up their sleeve that make local governments happy and not complain. They are into new building construction and starting new companies (which employ high salaried people). While their campuses may look like old traditional places of learning with not much change their real estate expansion can be the opposite. They build shopping malls, apartment buildings, supermarkets, biotech companies etc. They may own the realestate under a McDonalds or a gas station.

Harvard has the money to buy people out..and yes they use shell companies so the people they are dealing with don't perk up their eyes and ask for triple the buying price. They buy entire housing blocks and companies.

A noteworthy case is the public tv channel (PBS) WGBH-Boston. It was on prime real estate and Harvard said they'd pay to build a new state-of the-art television station a mile away (on property that used to be where the garbage trucks parked) in exchange for the property. It was done.

Here is a Mall Harvard is building

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Harvard buys a local popular ice rink on the riverfront (as well as almost everything else on that road) and trades it for another property not far away.

Building affordable housing too

Of course all this building generates income for them.