How America’s Most Prestigious Universities Bilk the U.S. Taxpayer

Tyler Durden's picture

Authored by Mike Krieger via Liberty Blitzkrieg,

Open the Books is back in the spotlight today with another deep-dive report, this time looking into U.S. taxpayer subsidies, tax breaks and federal payments into Ivy League colleges.

Below are a few key findings from the report, titled: Ivy League, Inc.

1. Ivy League payments and entitlements cost taxpayers $41.59 billion over a six-year period (FY2010-FY2015). This is equivalent to $120,000 in government monies, subsidies, & special tax treatment per undergraduate student, or $6.93 billion per year.
 
2. The Ivy League was the recipient of $25.73 billion worth of federal payments during this period: contracts ($1.37 billion), grants ($23.9 billion) and direct payments – student assistance ($460 million).
 
3. In monetary terms, the ‘government contracting’ business of the Ivy League ($25.27 billion – federal contracts and grants) exceeded their educational mission ($22 billion in student tuition) FY2010-FY2015.

 4. The eight colleges of the Ivy League received more money ($4.31 billion) – on average – annually from the federal government than sixteen states: see report.
 
5. The Ivy League endowment funds (2015) exceeded $119 billion, which is equivalent to nearly $2 million per undergraduate student.

 

6. As a non-profit, educational institution, the Ivy League pays no tax on investment gains. Between FY2011-FY2015, the Ivy League schools received a $9.6 billion tax break on the $27.3 billion growth of their endowment funds. In FY2014, the tax-free subsidy on endowment gains amounted to $3.4 billion, or nearly $60,000 per student.

 

7. With continued gifts at present rates, the $119 billion endowment fund provides free tuition to the entire student body in perpetuity. Without new gifts, the endowment is equivalent to a full-ride scholarship for all Ivy League undergraduate students for 51-years, or until 2068.

 

8. In FY2014, the balance sheet for all Ivy League colleges showed $194,332,115,120 in accumulated gross assets. This is equivalent to $3.35 million per undergraduate student.
 
9. The Ivy League employs 47 administrators who each earn more than $1 million per year. Two executives each earned $20 million between 2010-2014. Ivy League employees earned $62 billion in compensation.
 
10. In a five-year period (2010-2014) the Ivy League spent $17.8 million on lobbying, which included issues mostly related to their endowment, federal contracting, immigration and student aid.

Nice gig if you can get it.

Read the entire report here.

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Lumberjack's picture

Shut it down now.

Laddie's picture

As an example Harvard has Jews as students at an incredible Xs their population of US. WHITE CHRISTIANS are a tiny minority, the ones who BUILT Harvard. The same with the rest of the Poison Ivy League schools.

"Disputes among groups, classes and nations can and should be settled by free discussion, negotiation and compromise when—but only when—the disputes range within some common framework of shared ideas and interests. When the disputes arise out of a clash of basic interests and an opposition of basic ideas, as is from time to time inevitably the case, then they cannot be settled by negotiation and compromise but must be resolved by power, coercion and, sometimes, war."
Suicide of the West James Burnham (New York: John Day, 1964), p. 130

California School to Face Budget Cuts Because Student Body Is Too White

Because too many non-whites couldn’t pass it.
New York to Scrap Literacy Test for Teachers. Guess Why.

Education today, for the average white person, Male or FEMALE, is paying to the death for BRAINWASHING and NOTHING ELSE.
No Campus (Or Country) for White Men

robertsgt40's picture

Memo to federales: It ain't your fkg money you're giving away.

mtl4's picture

About time the IRS starts having a look at their non-profit status, questionable at best.

Common_Law's picture

Did I miss something? Didn't the internet make college completely obsolete for those who actually want to learn? 

Even law school indoctrination is obsolete with the internet. 

Explore www.sedm/Forms/FormIndex.htm and see for yourself.

Cheka_Mate's picture

The Yale Mafia runs much of the country.

Janet Yellen - FED 

Bush, GHW + GW,  Clintons, WJ + HR. Chaney, D - White House 

Vanderbilt (Cooper ), Anderson - CIA / CNN 

Hubbs's picture

Don't look at me. I got rejected by Dartmouth.

GreatCaesar'sGhost's picture

Rejected by Dartmouth? What about DeVry?

Ignatius's picture

Hey, we don't mince phraseology at Boston Trade and Industrial.

  ...courtesy, Slaughterhouse 5

No_More's picture

Places like DeVry are bilking taxpayers through GI Bill (which is now partially usable by spouses and kids of the servicemember, and not just the servicemember). A lot of people drop out of the for profits before geting a degree of any kind which if it's paid by GI Bill is a waste of our tax dollars.

There's all kinds of ways for big edu to scam taxpayers.

Winston Churchill's picture

Hardly a loss for the Royal Navy, with the boating skills(lack of) around here.

Lumberjack's picture

At least you won't be a "gift to the world" like the others. ;)

OCnStiggs's picture

This may end very soon....

Cardinal Fang's picture

It's a big club and you ain't in it.

I worked for a Billionaire who actually said this to me.

He meant it.

This is how they think.

Notice I said 'worked'...

He tried to be a man of the people but couldn't fake it at times.

GreatCaesar'sGhost's picture

Well, they are the smartest kids we have, whether those of us who went to State or City want to admit it. It's a shame they indoctrinate and Affirmative Action the hell out out of them, but it's probably not the first place to cut.

ForcepsKing's picture

Actually went to Princeton.

Tuition back then was less than 10k.

Biggest mistake of my life. 

Government funding more Libs!

buzzsaw99's picture

if i was getting that much money from the gubbermint i would believe in global warming and the tooth fairy too.

 

Janine Melnitz: Do you believe in UFOs, astral projections, mental telepathy, ESP, clairvoyance, spirit photography, telekinetic movement, full trance mediums, the Loch Ness monster and the theory of Atlantis?

Winston Zeddemore: Ah, if there's a steady paycheck in it, I'll believe anything you say.

 

[/Ghostbusters]

SunRise's picture

Hot money -> Global Warming

DuneCreature's picture

** Keep Pushing The Truth Shock Troops Through MSM Pirate Lines **

There are some good troops behind the enemy lines that are trapped in various pockets. .. They need relief bad and we need to help them join up with us and each other.

Pass these links along, please. .. They contain hard information YOU WILL NOT see on CNN or PBS or MSNBC.

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* False documents used to put foreign born enemy (ISIS) moles into high office.

* Lying to Congress.

* Lying to the American people.

* Lying to the FISA court for warrant under false pretenses.

* Cover-ups by federal law enforcement (If LE isn't 100% trustworthy that is a MAJOR, very, very dangerous problem)

* Laws broken at the highest level of dot gov.

Don't let the enemy (MSM, Google, Twitter censorship) JAM out the lines of communications.

Massive corruption = https://www.youtube.com/watch?v=xKCemZ8lhiU

Russian hacking and other inter-agency alerts =
https://www.youtube.com/watch?v=q9cLw7ZfWaM

Censorship report =
https://www.youtube.com/watch?v=TJ8NvWvMF-I

Live Hard, End Transmission From Relay Station - Alpha Zebra Hector, Die Free

~ DC v5.0

Non-Corporate Entity's picture

I know these people. They voted Obama, then Hillary. They also like Julia Roberts movies and sushi on date nights.

No_More's picture

At $120K/student/year, I'd consider perpetual studenthood at an Ivy (assuming the $120K was paid direct to me).

Talk about your pricey name brand Free Shit though (as compared to SNAP or an ObamaPhone).

Sledge-hammer's picture
Sledge-hammer (not verified) Mar 30, 2017 6:36 PM

Jesus Christ, our precious snow-flakes and their jew indoctrinators, I mean professors, cost us that much?

pitz's picture

The Ivy League universities are also prolific H-1B abusers, and they use tax-free "scholarship" endowment fund earnings to advance their liberal causes. 

Time to tax them properly and stop the scam of 'scholarships' and H-1B abuse.

khakuda's picture

Harvard and Yale each have endowments on the order of $25-$35 billion, yet always have their hands out for more.

Anteater's picture

The US has 1,000 Generals. Count 'em. We have 33 brigade combat teams, who comprise in battalions, companies and platoons, roughly 1,000 combat platoons. Do the math. We have so many excess Generals, each General could partner with an LT leading a platoon into battle. That's FU. Let's cut that number back to 33, one per BCT, and find KP duty for the 967, until they find the $6,000,000,000,000 of our last life savings that the Pentagon 'lost track of' and is now forever MIA. 

The US has 1,000 Admirals. Count 'em. We have 430 fighting ships,  ifyou go all the way down to fuel barges, PT boats and LSTs. Do the math. We have so many excess Admirals, each Admiral could partner with an LT leading an LST onto the beach, and still have 570 Admirals to wade ashore and declare the beachhead secured. That's FU. Let's cut that number back to 7,  one per fleet, and find KP duty for the 993, until they find the $6,000,000,000,000 of our last life savings that the Pentagon 'lost track of' and is now forever MIA.

Somebody knows where our savings went! There are over 1800 unnecessary Admirals and Generals who could defend America and earn their $250,000 a year salaries for life, by ferreting out the moles, rats, leeches and gribbles at the Pentagon, clean house, right-size the armed forces, re-fund yhe VA, then hang all the MIC lobbyists from the yardarms for treason.

Faeriedust's picture

It's worse.  From having relatives inside the Pentagon budget process, I've been made aware for decades that at least 1/3 of our military manpower exists not because there is any rational need for those troops, OTHER than having sufficient forces to justify retaining and promoting more high-ranking (and highly-paid) Brass.  The hierarchical structure of the military assures that there are relatively few pay billets at the top.  This means that officers sitting on promotion boards are constantly faced with the demand to "pass over" and thus doom to early separation/retirement fellow officers who are perfectly competent at their jobs, just not needed by the numbers.  In the immediate post WWII era, service leaders were nervous about letting good talent go and get settled in civilian life, only to need them for the Next Big One in a few years' time.  Those few years have since become six decades, and the system of holding onto popular people by "creative" billeting has become institutionalized.  The Armed Forces DON'T need AT LEAST 1/3 of their personnel, especially in the higher ranks.  But the higher the rank, the more personal favors are owed to them, and the more likely that a new job will be created requiring even more stars, in order to assure that they stay employed at least until they can collect retirement.

The Pentagon is the world's one and and only truly functional socialist system.

WTFUD's picture

Think most of you are being a tad hasty here. If not for the Ivy Leagues who'd be investing our Pension Monies and Maintaining the Budget Deficits. Better the Devil you know; be careful what you wish for. SARC

alfredhorg's picture

With all this government meddling in Ivy League minds, it's no wonder that all of them put together cannot invest as well some trash dump worker crawling through mud:

https://howibeatgold.wordpress.com/2017/01/25/trash-dump-worker-invests-...

alphasammae's picture

Ivy League  alumni like the illuminatis Clinton and Bushes are prepared and vetted to run Goldman Sachs, the White House and the justice system etc.  A merry go 'round, this for that but at the end rather than creating personal foundations they should be creating foundations for their alma mater instead of their library mausoleum. Clinton foundation raised over $1.2 billion to be run by daughter. Sick.

old_cynic's picture

Flawed, sensationalistic report, clickbait for jealous masses who can't make the cut into the ivy league.

Most of the $ comes from research grants.  Wouldn't you expect the best schools in the country to get research grants?  Look at all the top state schools, they also attract loads of federal $.

As for endowment income being non-taxable for universities, that's a good thing IMO. Would you rather have the endowment funds for all other nonprofits taxed too?  Think about hospitals and churches as examples.

 

dcmbuffy's picture

thats your argument? your going to have to do better.

brooklinite8's picture

Its not because they are better. They get funding to keep the curriculum as dumb as they can. Hope you understand it better.

Swedgen's picture

spook factory HUNGRY

 

sdsurf's picture

Too Liberal to Fail

Helix6's picture

What's missing from this article is any mention of how the money was spent.  We are told that these schools received "$4.31 billion (on average) -- annually" from the federal government, but we were never told what projects the grants and contracts funded.  Fusion research?  Medical research?  As an example, the development of the internet in its early days was funded in large part by federal grants to universities. 

The question should really be are we getting our money''s worth?  Without an accounting of how the money was spent, there's no way to know.  A very curious omission.  This seems to be a point that the author of the article went out of his way to avoid, even though it's pretty much the crux of the issue.