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, $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. (Read more from “Elite Universities That Are Hotbeds For Pro-Hamas Activism Got Billions In Federal Grants, Tax Benefits” HERE)
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